UBS Stock Is Up 4.5% Since The Q1 Results, What To Expect Next? [Forbes]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: Forbes
ice prior to the 50th Heroes of Hockey game at UBS Arena on April 20, 2024 in Elmont, New York. (Photo by Troy Parla/Getty Images) (NYSE: UBS) has lost 7% YTD, as compared to a 9% rise in the S&P500 over the same period. That said, the stock price has improved 4.5% since May 6 vs a 3.4% gain in the broader index. This came after the bank posted better-than-expected results in the first quarter of 2024, beating both the earnings and revenue estimates. Further, at the current price of $29 per share, it is trading 9% below its fair value of $32 – Trefis' estimate for Amid the current financial backdrop, UBS stock has seen extremely strong gains of 100% from levels of $15 in early January 2021 to around $30 now, vs. an increase of about 40% for the S&P 500 over this roughly 3-year period. UBS is one of a handful of stocks that have increased their value in each of the last 3 years, but that still wasn't enough for it to consistently beat the market. Returns for the stock were 26% in 2
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