UBS



Higher capital ratios, weaker P&L

Swiss banks Higher capital ratios, weaker P&L    SNB (Swiss National Bank) published its Financial Stability Report 2016, please […]




UBS (Neutral, TP CHF19) 

EPS momentum still weak  UBS reported Q415 net profit of ChF949m vs consensus of ChF911m and our estimates […]


European investment banks

Update following JP Morgan results  (Click for full report) While JP Morgan reported better-than-expected EPS, investment banking revenues […]


UBS (Neutral, TP CHF19.6)

Low quality results helped by one-offs UBS reported Q3 net income CHF2.07bn versus consensus of CHF1.73bn and my […]





Low quality results boosted by one-offs

UBS (Neutral, TP CHF20.8 (<img class=”alignnone size-full wp-image-128″ src=”http://hammer-partners.com/wp-content/uploads/2014/12/arrow-single-up-green.png” alt=”arrow-single-up-green” width=”10″ height=”10″ /> CHF17.5) Update following Monday 27 July’s Q2 […]