SWX:UBSGCapital Markets
Assessing UBS Group (SWX:UBSG) Valuation After US National Banking Licence Approval
UBS Group (SWX:UBSG) has secured final approval for a US national banking licence, a regulatory step that allows the Swiss group to add everyday banking products alongside its existing US wealth management offerings.
See our latest analysis for UBS Group.
Despite the new US banking licence and a proposed cancellation of 63,776,550 repurchased shares, momentum has cooled, with a 30 day share price return of 10.34% decline and a year to date share price return of 22.95% decline, even as the 5...