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Those were tough times in the Swiss banking world. Tuesday is the final plenary meeting of Credit Suisse’s mandatory merger. AGM of the new XXL-UBS on Wednesday. The Federal Council had disabled the right to decide together with the emergency law. As the “Handelzeitung” reported, so that the plan would not fail later.
Many CS shareholders expressed their disappointment. You feel betrayed. What about UBS shareholders? You came to a big bank for a sandwich. Because: When measured against the balance sheet at the end of 2022, UBS is growing by more than half. And equity, and with it shareholder assets, is growing even faster.
Tens of billions of profit
The result: According to the “Handelszeitung”, UBS should therefore report an unprecedented profit in the double-digit billion range in the second quarter. When he released this wealth flow, which UBS set at $56 billion. This is the difference between the purchase price and the equity acquired.
What does this mean for the value of a single share? It should rise sharply. According to the Handelszeitung’s valuation-based calculations from the end of 2022, equity per UBS share issued will increase from the current CHF 18.41 to a good CHF 36, which is almost twice as much. (be)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
