Switzerland's financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse, sources said, as the regulator takes a hands-on approach to the bank's integration of its fallen rival.
Silver prices have been hit by a more cautious stance (risk-off) among investors generally, especially with gold coming under pressure. UBS is still a fan of the metal, as it should be a beneficiary of lower interest rates though it might be affected by more bouts of jitters in markets.
Last week, UBS (NYSE: UBS ) raised its year-end price target for the S&P 500 to 5,900, attributing the increase to a conducive environment for U.S. equities. The Swiss investment bank also introduced a mid-2025 forecast for the index, setting the target at 6,200, signaling confidence in the market's future performance.
After Tesla (NASDAQ: TSLA ) released its second-quarter results, which disappointed Wall Street, Swiss bank UBS reiterated its “sell” rating and $197 price target on Tesla stock. UBS' price target is about 10% below the stock's current level.
Sewage and wastewater treatment remain a cloud over the water sector that UBS does not expect to dissipate soon. Yesterday's Environment Agency annual review again highlighted storm overflows, notes the broker, and while there was an improvement for some companies, the headline data was still poor and attracted criticism from the EA chair.
UBS has agreed to sell a former insurance-linked investment arm of Credit Suisse to the management of the business, the Swiss bank said on Tuesday.
Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have identified serious failings by Swiss regulatory authorities leading up the bank's demise, a Swiss newspaper reported on Sunday.
Gold prices have surged in 2024 and judging by the latest analyst commentary, this trend is unlikely to stop anytime soon. UBS (NYSE: UBS ) updated its gold price forecasts recently, raising its expectations for the precious metal's future performance.
One of the features of this stock-market run, which on Wednesday carried the S&P 500 SPX to its 37th record high of the year, is just how much complacency there is, as measured by low readings of implied volatility VIX.
UBS analysts on Monday called Bank of America Corp. the “most interesting money center,” as major banks approach second-quarter earnings season later this week.
NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) was a key driving force on Wall Street on Monday after UBS upped its target price, based on supply chain checks. Investor sentiment about the chip giant “has faded somewhat in recent weeks”, creating more of a 'wall of worry'.
Nvidia Corp.'s stock is still well-loved on Wall Street, but UBS analyst Timothy Arcuri notes that sentiment “has faded somewhat in recent weeks.”