UBS Investment Case Unaffected by New Banking Measures -- Market Talk

Dow Jones

Jun 09, 2025

0946 GMT - Switzerland's draft banking measures mark a turning point but don't change the investment case on UBS, Jefferies says in a research note. The bank's case is based more on return on tangible equity improvement and rerating than on accretion to per share metrics from share buybacks, Joseph Dickerson and Theo Massing write. They don't expect an immediate impact on shareholder distributions. "We see a robust and lengthy lobbying process ahead given the tone of UBS's response," they say. The bank said the proposals for higher capital requirements make it an outlier among peers, especially given a higher proportion of its revenue comes from wealth and asset management compared with European and U.S. peers. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

June 09, 2025 05:46 ET (09:46 GMT)

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The bank's case is based more on return on tangible equity improvement and rerating than on accretion to per share metrics from share buybacks, Joseph Dickerson and Theo Massing write. They don't expect an immediate impact on shareholder distributions. \"We see a robust and lengthy lobbying process ahead given the tone of UBS's response,\" they say. The bank said the proposals for higher capital requirements make it an outlier among peers, especially given a higher proportion of its revenue comes from wealth and asset management compared with European and U.S. peers. 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The bank's case is based more on return on tangible equity improvement and rerating than on accretion to per share metrics from share buybacks, Joseph Dickerson and Theo Massing write. They don't expect an immediate impact on shareholder distributions. \"We see a robust and lengthy lobbying process ahead given the tone of UBS's response,\" they say. The bank said the proposals for higher capital requirements make it an outlier among peers, especially given a higher proportion of its revenue comes from wealth and asset management compared with European and U.S. peers. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 09, 2025 05:46 ET (09:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBS","symbol_name":"瑞银","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2542538881","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542538881","pubTimestamp":1749462360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0946 GMT - Switzerland's draft banking measures mark a turning point but don't change the investment case on UBS, Jefferies says in a research note. The bank's case is based more on return on tangible equity improvement and rerating than on accretion to per share metrics from share buybacks, Joseph Dickerson and Theo Massing write. They don't expect an immediate impact on shareholder distributions. \"We see a robust and lengthy lobbying process ahead given the tone of UBS's response,\" they say. The bank said the proposals for higher capital requirements make it an outlier among peers, especially given a higher proportion of its revenue comes from wealth and asset management compared with European and U.S. peers. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UBS":"瑞银","LU1829250122.USD":"高盛欧洲核心股票组合Acc","BK4118":"综合性资本市场","BK4588":"碎股","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","IE0034235071.USD":"PINEBRIDGE EUROPE RESEARCH ENHANCED EQUITY \"A\" (USD) ACC"},"translate_title":"瑞银投资案不受新银行业措施影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBS":0.9},"content_text":"0946 GMT - Switzerland's draft banking measures mark a turning point but don't change the investment case on UBS, Jefferies says in a research note. The bank's case is based more on return on tangible equity improvement and rerating than on accretion to per share metrics from share buybacks, Joseph Dickerson and Theo Massing write. They don't expect an immediate impact on shareholder distributions. \"We see a robust and lengthy lobbying process ahead given the tone of UBS's response,\" they say. The bank said the proposals for higher capital requirements make it an outlier among peers, especially given a higher proportion of its revenue comes from wealth and asset management compared with European and U.S. peers. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 09, 2025 05:46 ET (09:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}