UBS - UBS Group's Q1 Earnings: Not Buying The Hype
2024-05-09 05:17:51 ET
Summary
- UBS Group AG released its first-quarter earnings report, showing impressive results that boosted its stock price.
- Our analysis highlights the positive performance of the Company's wealth management division, but raises concerns about the bank's investment banking and personal & commercial banking divisions.
- A residual income model considers the bank's stock overvalued. Moreover, we think UBS's dividend profile is not compelling enough to deem it an income-based investment opportunity.
- We assign a Hold Rating to UBS stock.
UBS Group AG ( UBS ) released its first-quarter earnings report earlier this week, revealing staggering results that sent its stock price flying....
UBS Group's Q1 Earnings: Not Buying The Hype