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UBS is nearing a settlement with U.S. authorities over a tax evasion case linked to its acquisition of Credit Suisse, which has faced scrutiny for aiding tax evasion since 2014. The Swiss bank is expected to pay hundreds of millions to resolve these legacy issues, as analysts predict potential stock upside following recent upgrades. UBS has set aside $4 billion for legal provisions and aims to conclude outstanding investigations, including allegations of undisclosed Nazi-linked accounts.
Kepler Cheuvreux analyst Nicolas Payen has upgraded UBS AG from Hold to Buy, setting a new price target. This change reflects a positive outlook for the bank's performance in the market.
UBS Group AG reached 2008 highs as Kepler Cheuvreux upgraded its stock recommendation to buy, citing potential for $15 billion in share buybacks from 2025 to 2027. The bank's shares rose by 2.8%, marking an uninterrupted gain over the past eight sessions, the longest streak since March of last year.
Nicolas Payen
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United States Dollar
Credit Suisse High Yield Bond Fund, Inc.
Kepler Cheuvreux
Deutsche Bank RV Global PP
CHE
USA
Neil Wilson
Jeremy Sigee
Benjamin Goy
Nicolas Payen
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15:34 09.01.2025
13:40 09.01.2025
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