2024-05-08 00:51:11 ET
Summary
- UBS Group AG reports strong first quarter earnings, with consolidated revenue up 4% and expenses down 12%.
- The integration of Credit Suisse is progressing well, leading to revenue and expense benefits from the rescue deal.
- UBS expects significant growth in earnings by 2026, potentially increasing stock price to the high $40s.
UBS First Quarter Earnings Review:
UBS Group AG ( UBS ) reported a spectacular Q1 of 2024 early this morning . The integration of Credit Suisse continues apace. While there remain some cost cuts to complete, the revenue and expense benefits of the rescue deal are flowing through beautifully....
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UBS: Benefits Of Credit Suisse Deal Starting To Show