JPMorgan Chase & Co. has reiterated its positive rating for UBS shares, with a target price of 31 Swiss francs. The progress of UBS's reorganization is noted by analyst Kian Abouhossein, although the stock market has yet to reflect this potential.
UBS is currently the world's largest asset manager. UBS shares on SIX SX experienced a 2.7 percent increase in early trading, reaching CHF 29.23. This indicates a 6.06 percent upside potential compared to the target price. UBS shares have appreciated by 14.9 percent since the beginning of 2024, with trading volume today exceeding 2 million shares.
UBS is expected to release its Q3 2024 financial results on October 30, 2024.