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ubs shares dip after highs despite strong quarterly results and outlook
UBS shares fell about two percent to 27.91 francs after reaching a multi-year high of 29.57 francs, despite strong quarterly results that exceeded market expectations and positive progress in integrating Credit Suisse. The bank reported a billion-franc profit, with all sectors, except wealth management, performing better than anticipated. Analysts remain optimistic about the company's outlook, although uncertainties related to the economic climate and the upcoming US presidential election were noted.
ubs shares dip despite strong quarterly results and positive outlook
UBS shares fell about two percent to 27.91 francs after reaching a multi-year high of 29.57 francs, despite strong quarterly results that exceeded market expectations and positive progress in integrating Credit Suisse. The bank reported a billion-franc profit, with all sectors, except wealth management, performing better than anticipated. Analysts remain optimistic about UBS's outlook, although they noted uncertainties related to the economic climate and the upcoming US presidential election.
ubs shares dip despite strong quarterly results and positive outlook
UBS shares initially surged to a multi-year high of 29.57 francs following strong quarterly results and progress in integrating Credit Suisse, but later fell by about two percent to 27.91 francs. The bank reported a significant profit exceeding market expectations, with positive performance across most sectors, despite some uncertainties related to the economic climate and the upcoming US presidential election. Analysts remain optimistic about UBS's outlook and client activities, highlighting its potential as the world's largest asset manager.
RBC maintains outperform rating for UBS with target price of 30 francs
RBC Capital Markets has maintained an "Outperform" rating for UBS shares, setting a target price of 30 francs, following strong quarterly results. The stock rose 3.1% to CHF 29.36, indicating a potential upside of 2.18%. UBS shares have increased 15.4% since the start of 2024, with Q3 2024 results expected on October 30, 2024.
RBC maintains outperform rating for UBS with target price of 30 francs
RBC has maintained its 'Outperform' rating for UBS, setting a target price of 30 francs. Analyst Anke Reingen highlighted the Swiss bank's robust quarterly results, although she noted ongoing economic and election uncertainties that could impact future performance.
RBC maintains outperform rating for UBS with target price of 30 francs
RBC has maintained its 'Outperform' rating for UBS, setting a target price of 30 francs. Analyst Anke Reingen highlighted the Swiss bank's robust quarterly results, although she noted ongoing economic and election uncertainties that could impact future performance.
RBC maintains outperform rating for UBS with price target of 30 francs
RBC has maintained its "Outperform" rating for UBS Group, setting a price target of 30 francs. Analyst Anke Reingen highlighted the Swiss bank's strong quarterly performance, although she noted ongoing economic and election uncertainties that could impact future results.
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