EPS17E/EPS18E +4%, target raised to CHF16.5
UBS (Neutral, TP CHF16.5 from CHF15.8) Investment catalyst: UBS reported Q4 2016 net profit of CHF738m versus consensus […]
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 (Sell, TP CHF17 from CHF19)
EPS momentum still weak We cut our EPS 2016-17E by 10%, leading us to reduce our target price […]
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 […]
Credit Suisse (BUY, TP CHF32.7) / UBS (Neutral, TP CHF19.6)
Credit Suisse: Private placement closed, EPS 15-17E -4% UBS: EPS 2015E-17E -6% Credit Suisse has priced its private […]
CHF0.25 supplementary dividend announced
UBS (Neutral, TP CHF20.8) UBS AG and UBS Group AG announced on 19 August 2015 the successful completion of […]
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 […]