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Goldman Sachs has lowered its price target for UBS AG from CHF44.50 to CHF36.00 while maintaining a Buy rating, indicating a potential upside of about 22%. This adjustment reflects a reassessment of capital requirements and earnings forecasts, anticipating an 8% EPS decline in 2025 due to lower revenue expectations. Meanwhile, UBS is implementing workforce reductions post-Credit Suisse acquisition and has made strategic hires to enhance operational flexibility.
Goldman Sachs has reduced its price target for UBS AG from CHF 44.50 to CHF 36.00 while maintaining a Buy recommendation, indicating a potential upside of about 22%. This adjustment reflects a reassessment of UBS's capital requirements and a forecasted decline in earnings per share by approximately 8% in 2025. Meanwhile, UBS is implementing strategic changes, including cost-saving measures and leadership appointments, amidst varying analyst ratings and price targets from other financial institutions.
UBS Group AG has announced the return of Carmine Visconti as the Head of Technology, Media, and Telecommunications (TMT) for Europe, the Middle East, and Africa (EMEA). Visconti, a prominent dealmaker, rejoined the firm after a five-year absence.
HSBC is considering outsourcing its fixed income trading to firms like Citadel Securities and Jane Street to cut technology costs, raising concerns among its traders about job security. Meanwhile, Goldman Sachs' London office saw a 50% increase in investment banking fees last year, with average employee pay rising 16% to $764k. The competitive landscape in prime broking may shift if HSBC proceeds with the outsourcing plan.
UBS Group AG has appointed Carmine Visconti as the head of technology, media, and telecommunications for Europe, the Middle East, and Africa, marking his return to the firm after previously serving in a similar role. Visconti, who was most recently CEO of Quantive, has a background that includes being CFO at Infarm. His return underscores UBS's commitment to enhancing its technological capabilities in these regions.
UBS Group AG has appointed veteran tech dealmaker Carmine Visconti as head of technology, media, and telecom for Europe, the Middle East, and Africa, based in London. Visconti, who previously served as CEO of Quantive and CFO at Infarm, returns to UBS after initially joining the firm in 2007, highlighting his ongoing role in advancing the company's technological strategies in these regions.
UBS Group AG has rehired Carmine Visconti as the head of technology, media, and telecommunications for Europe, the Middle East, and Africa, based in London. Visconti, who previously worked at UBS from 2007, was most recently CEO of Quantive and has also served as CFO of Infarm. The appointment was confirmed in an internal memo by Christian Lesueur, UBS's global coverage co-head.
Carmine Visconti
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Goldman Sachs lowers UBS stock target while maintaining buy rating
08:51 27.03.2025
Goldman Sachs lowers UBS price target while maintaining buy recommendation
08:44 27.03.2025
Carmine Visconti returns to UBS as head of TMT for EMEA
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10:22 25.03.2025
UBS Group appoints Carmine Visconti as head of technology for EMEA
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ubs group hires carmine visconti as head of technology for emea
13:29 24.03.2025
ubs rehires carmine visconti as head of technology for europe
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