SWX:UBSGCapital Markets
UBS Group (SWX:UBSG) Stock Rides Profit Growth While Funding Risks Persist
UBS Group stock went into this earnings print with momentum, up about 24% over the past three months and trading at roughly 17x P/E, a premium to the wider European capital markets sector but below the Swiss market. Today the real story is not the headline share price move. It is whether investors trust a banking giant that is now posting quarterly net income of about US$2.8b while still carrying the memory of a US$5.0b one off hit in the recent past.
The core tension for investors is simple...