UBS (UBSG SW) expects to achieve underlying return on CET1 capital of 15% and cost/income ratio of less than 70% by end of 2026; raised total cost savings target by USD 500mln to USD 13.5bln by end '26
UBS's updated guidance on achieving a 15% CET1 return and a cost/income ratio below 70% by 2026 indicates strong operational efficiency and profit potential, which could bolster investor confidence.
US President Trump says China is very happy that he permanently opening the Strait of Hormuz... and President Xi will give him a big, Fat, hug when he gets there in a few weeks
Bank of America (BAC) CFO says have not experienced any material losses on private credit, via conference call
UBS (UBSG SW) expects to achieve underlying return on CET1 capital of 15% and cost/income ratio of less than 70% by end of 2026; raised total cost savings target by USD 500mln to USD 13.5bln by end '26
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Kazakhstan is considering the possibility of exporting oil to South Korea in 2026, Interfax reports
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Additionally, the increase in their cost savings target suggests a proactive approach to enhancing profitability in an uncertain macroeconomic environment. Overall, this could positively influence UBS's valuation and attractiveness in the financial services space, especially amid current market dynamics.
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