1051 GMT - UBS Group shares seem to price in much of potential demands for extra capital arising from new Swiss banking rules, Keefe, Bruyette & Woods analysts say in a research note. Shares in the Swiss bank have underperformed European peers since the acquisition of Credit Suisse in 2023 and this has been mainly driven by recent concerns around the upcoming Swiss financial rules, KBW says. UBS might need $22 billion of additional capital and to operate with an effective CET1 ratio--a measure of financial strength--of 18%, KBW estimates. This compares with its current guidance of 14%. KBW raises its recommendation on UBS stock to market perform from underperform and lifts its target price to 27 Swiss francs from 26 francs. Shares fall 0.2% to 22.92 francs. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 06:51 ET (10:51 GMT)
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