UBS made a great acquisition of Credit Suisse in 2023, and while the integration is complex and there are some uncertainties around regulatory capital requirements in the short term, we ultimately believe the larger group is incredibly well positioned to take advantage of the resilience shown in Europe, and ultimately, underpin a further push into the US.
- While recent weakness has not been as pronounced as it has in other stocks, we view UBS as a highly attractive, medium term financial exposure with good growth prospects in the coming years.
MM is bullish UBS US ~US$29.50
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