UBS Group AG

UBSG: XSWX (CHE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CHF 81.90	Fvrshl	Zkwfjcks

UBS Reports Very Strong Second-Quarter Results - Likely That We Will Increase Our FVE

Johann Scholtz

Jul 21, 2021

Narrow-moat UBS booked net attributable profit of $2 billion for the second quarter of 2021, compared with the $1.2 billion it reported for the second quarter of 2020. UBS smashed the $ 1.3 billion estimate of the consensus of analysts polled by UBS itself. We expect that we will increase our earnings estimate and our CHF 16/share fair value estimate for UBS on the back of these strong results. We keep our narrow moat rating.

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