Swiss-based investment bank UBS has grown significantly after purchasing Credit Suisse during the Banking Crisis, with some very favourable terms that will prove to be an excellent strategic move, albeit a forced one, with the support of Swiss regulators. Ultimately, we believe UBS will grow the top line nicely as they merge the businesses, e.g. they’ve had some meaningful success in transferring over the CS clients onto the UBS platform while cutting out the underperforming areas.
- We remain positive on UBS, initially looking for a test of $US32; we hold UBS in our International Equities Portfolio.
NB: UBS report results tonight, and we they will provide a more comprehensive run down of the broader group and the complex integration task that is underway.
MM is long and bullish on UBS
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