UBS: Solid Q2 Profits, Backed By A Significant Share Repurchase Plan

UBS is rated a buy, supported by robust growth, a strong balance sheet, and compelling valuation amid a constructive technical setup. Q2 results were mixed, but underlying profit before tax rose 45% YoY, with record invested assets and 31% YoY Investment Bank revenue growth. The integration of Credit Suisse is on track, with $12.6B in annualized cost savings achieved and a $3B buyback program to complete by Q2 2027. Valuation remains attractive: applying a 15x multiple to 2027 EPS targets a $62 price, while key risks include market volatility and regulatory shifts. UBS (UBS) reported mixed Q2 results on Wednesday, July 29, but a healthy stock buyback plan prevented the European Financials sector stock from dipping much in afternoon trading ahead of the US Federal