UBS Group shares hit their highest levels since the financial crisis on Friday as the stock gained a new bull in Morgan Stanley.
Analyst Giulia Aurora Miotto upgraded the stock to overweight for the first time since assuming coverage last year, predicting that a revival in deal-making will see the Swiss bank’s shares surge more than 25% in the next year. UBS shares rose as much as 5.5% to the highest since May 2008.
“The stars are aligned for investment banking and wealth management to outperform,” Miotto said in a note.
UBS shares have soared nearly 60% since agreeing to take over former rival Credit Suisse last year in a $3.2 billion deal, and Morgan Stanley sees further to go. The bank’s new price target of 33 francs is among the highest of analysts tracked by Bloomberg.
While 2024 and 2025 will be “transitional” years for the Zurich-based lender, growth in UBS’s wealth management business and the scope for future shareholder returns are reasons for optimism.
“We like the wealth management business long term, as a rare area of structural growth in European banking,” Miotto added.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
