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The amount of additional capital UBS Group will need to hold for its foreign units is contingent on the bank's "resolvability," according to Swiss Finance Minister Karin Keller-Sutter. Speaking at a Bloomberg event in Zurich, she did not specify the required amount, stating it has yet to be determined.
UBS Group AG operates through four main businesses: wealth management (54.3% of revenues), investment banking (24.9%), retail and corporate banking (12.3%), and asset management (8.5%). By the end of 2022, the Group is set to manage CHF 525.1 billion in deposits and CHF 387.2 billion in loans, with operating income distributed across various regions: Switzerland (22.3%), Europe-Middle East-Africa (20.2%), Americas (39.9%), Asia-Pacific (16.2%), and others (1.4%).
Swiss Finance Minister Karin Keller-Sutter stated that UBS Group's required extra capital for its foreign units will depend on the bank's "resolvability." Speaking at a Bloomberg event in Zurich, she refrained from specifying the amount of additional capital needed, as it has yet to be determined.
Swiss Finance Minister Karin Keller-Sutter stated that UBS Group AG's required extra capital for its foreign units will depend on the effectiveness of its emergency preparedness. She highlighted that previous issues with Credit Suisse revealed insufficient capitalization of subsidiaries in the U.S. and U.K. However, she did not specify the amount of additional capital needed, as it remains undecided.
In October 2024, UBS shares are under analysis by nine experts, with seven recommending a "Buy" and two suggesting a "Hold." The current share price is CHF 26.54, significantly below the average target price of CHF 32.92, indicating potential for growth. Notable target prices include CHF 42.90 from Goldman Sachs and CHF 32.00 from RBC Capital Markets.
Deutsche Bank Research has assigned UBS Group a "Hold" rating with a price target of 26 francs, highlighting the Swiss bank's strong performance in the last quarter. Analyst Benjamin Goy commended the bank's results in a report published on October 31, 2024.
UBS Group AG remains entangled in the Mozambique ship-financing scandal as Swiss prosecutors have initiated a criminal investigation. The Swiss Federal Court recently denied an appeal from three unnamed bank units to keep information sealed regarding a suspected illicit payment of $7.9 million into a Credit Suisse account.
UBS has revised its price target for Ubisoft, lowering it to €13.75 from €14.5, while maintaining a Neutral rating due to disappointing first-half results. The company reiterated its fiscal year forecasts, expecting net bookings of approximately €1.95 billion and near breakeven for non-IFRS operating income and free cash flow for the 2024-25 financial year.
Goldman Sachs has increased its price target for UBS shares from 38.70 to 42.90 francs while maintaining a "Buy" rating. Analyst Chris Hallam highlighted the bank's strong surplus and robust earnings in its core business in a report published on October 30, 2024.
UBS has rated Aixtron as 'Neutral' with a target price of €20.90. The stock closed at €14.445 on October 31, reflecting a decline of 4.02%. Trading across various platforms showed prices ranging from €14.215 to €14.66, indicating a downward trend.
UBS Group AG
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