{"id":77201,"date":"2026-06-03T20:56:13","date_gmt":"2026-06-03T20:56:13","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/77201\/"},"modified":"2026-06-03T20:56:13","modified_gmt":"2026-06-03T20:56:13","slug":"ubs-balances-at1-market-return-with-emea-cuts-and-valuation-questions","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/77201\/","title":{"rendered":"UBS Balances AT1 Market Return With EMEA Cuts And Valuation Questions"},"content":{"rendered":"\n

Track your investments for FREE<\/a> with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide.<\/p>\n

UBS Group has returned to the US dollar Additional Tier 1 (AT1) bond market for the first time since regulatory changes were paused.<\/p>\n

The new AT1 issue comes against a backdrop of strong investor demand for higher risk bank capital instruments.<\/p>\n

In parallel, UBS is continuing substantial job cuts across EMEA as part of its ongoing integration of Credit Suisse.<\/p>\n

UBS Group (SWX:UBSG), trading at around CHF37.45, is in the spotlight again as it balances funding decisions with a large scale integration. The stock is up 42.5% over the past year and 194.0% over five years, while year to date performance is down 1.9%. This gives investors a mixed but eventful recent record to weigh against the latest news.<\/p>\n

The return to the dollar AT1 market and the continued EMEA job reductions both indicate a company still reshaping its capital structure and cost base after the Credit Suisse acquisition. For you as an investor, these moves may influence how you assess UBS’s future funding flexibility, potential cost savings, and the risk profile associated with its capital stack.<\/p>\n

Stay updated on the most important news stories for UBS Group<\/a> by adding it to your watchlist<\/a> or portfolio<\/a>. Alternatively, explore our Community<\/a> to discover new perspectives on UBS Group.<\/p>\n

\"SWX:UBSG<\/a> SWX:UBSG Earnings & Revenue Growth as at Jun 2026 <\/p>\n

3 things going right for UBS Group that this headline doesn’t cover.<\/a><\/p>\n

Quick Assessment <\/p>\n

\u2696\ufe0f Price vs Analyst Target: UBS trades at CHF37.45 versus an analyst consensus of about CHF39.10, roughly 4% below the target, so pricing is close to expectations.<\/p>\n

\u2696\ufe0f Simply Wall St Valuation: UBS is described as trading close to estimated fair value, so the current price does not screen as meaningfully cheap or expensive.<\/p>\n

\u2705 Recent Momentum: The stock is up 9.4% over the last 30 days, suggesting recent positive sentiment around the Credit Suisse integration and capital actions.<\/p>\n

There is only one way to know the right time to buy, sell or hold UBS Group. Head to Simply Wall St’s company report for the latest analysis of UBS Group’s Fair Value.<\/p>\n

Key Considerations <\/p>\n

\ud83d\udcca Returning to the US dollar AT1 market alongside EMEA job cuts signals that management is willing to use higher risk capital while pushing for a leaner cost base.<\/p>\n

\ud83d\udcca Monitor AT1 pricing versus peers, progress on Credit Suisse cost savings, and whether the P\/E of about 15.8 remains in line with the Capital Markets industry average of about 16.0.<\/p>\n

\u26a0\ufe0f One flagged risk is that 51% of liabilities come from higher risk funding sources, which makes the structure and cost of new AT1 issuance particularly important.<\/p>\n

Dig Deeper <\/p>\n

For the full picture, including more risks and rewards, check out the complete UBS Group analysis. Alternatively, you can visit the community page for UBS Group<\/a> to see how other investors believe this latest news will impact the company’s narrative.<\/p>\n

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.<\/p>\n

Companies discussed in this article include UBSG.SW<\/a>.<\/p>\n

Have feedback on this article? Concerned about the content? Get in touch<\/a> with us directly. Alternatively, email editorial-team@simplywallst.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million…\n","protected":false},"author":2,"featured_media":77202,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[31368,20344,1550,1548,2082,223,1551],"class_list":["post-77201","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-at1","tag-capital-structure","tag-cost-savings","tag-credit-suisse","tag-emea","tag-ubs","tag-ubs-group"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116688177322923914","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/77201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=77201"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/77201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/77202"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=77201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=77201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=77201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}