UBS analysts continue to be biased against U.S. banks - Here is why

seekingalpha07-26

UBS analysts listed reasons why they are not favoring U.S. banks (TSX:ZWK:CA). GDP growth in the U.S. is slowing, while Europe and UK’s GDP growth is accelerating. Housing trends in the U.S. are ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454040768?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/173572523/image_173572523.jpg","is_english":true,"pubTime":"2024-07-26 00:59","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2454040768","market":"us","top_or_hot":-1,"title":"UBS analysts continue to be biased against U.S. banks - Here is why","media":"seekingalpha","content":"<div>\n<p>UBS analysts listed reasons why they are not favoring U.S. banks (TSX:ZWK:CA).  GDP growth in the U.S. is slowing, while Europe and UK’s GDP growth is accelerating. Housing trends in the U.S. are ...</p>\n\n<a href=\"https://seekingalpha.com/news/4128493-ubs-analysts-continue-to-be-biased-against-us-banks-here-is-why\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UBS analysts continue to be biased against U.S. banks - Here is why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUBS analysts continue to be biased against U.S. banks - Here is why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 00:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4128493-ubs-analysts-continue-to-be-biased-against-us-banks-here-is-why><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UBS analysts listed reasons why they are not favoring U.S. banks (TSX:ZWK:CA).  GDP growth in the U.S. is slowing, while Europe and UK’s GDP growth is accelerating. Housing trends in the U.S. are ...</p>\n\n<a href=\"https://seekingalpha.com/news/4128493-ubs-analysts-continue-to-be-biased-against-us-banks-here-is-why\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0417517546.SGD","symbol_name":"Allianz US Equity Cl AT Acc SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4128493-ubs-analysts-continue-to-be-biased-against-us-banks-here-is-why","article_id":"2454040768","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/173572523/image_173572523.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454040768","pubTimestamp":1721926792,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"UBS analysts listed reasons why they are not favoring U.S. banks (TSX:ZWK:CA).  GDP growth in the U.S. is slowing, while Europe and UK’s GDP growth is accelerating. Housing trends in the U.S. are look","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","KBE":"银行指数ETF-SPDR KBW","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0106831901.USD":"贝莱德世界金融基金A2","LU0251142724.SGD":"Fidelity America A-SGD","BK4211":"区域性银行","KBWB":"银行ETF-PowerShares","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","FTXO":"First Trust Nasdaq Bank ETF","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","TFC":"Truist Financial Corp","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","BK4588":"碎股","BK4501":"段永平概念","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU":"陆金所","LU0211326839.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) INC","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","CFG":"Citizens Financial Group","IAT":"安硕美国地区银行ETF","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","PNC":"PNC金融","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4581":"高盛持仓","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4504":"桥水持仓","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H"},"translate_title":"瑞银分析师继续对美国银行抱有偏见——原因如下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TFC":1,"PNC":1,"CFG":1,"FTXO":1,"IAT":1,"KBE":1,"KBWB":1,"LU":0.6},"content_text":"UBS analysts listed reasons why they are not favoring U.S. banks (TSX:ZWK:CA).  GDP growth in the U.S. is slowing, while Europe and UK’s GDP growth is accelerating. Housing trends in the U.S. are looking less attractive. U.S. homes available for sale are at a four-year-high, and new home investors are close to the highs seen during the Great Financial Crisis.  Interest rates are likely to be cut in the U.S. more than expected, relative to Europe. Lead indicators of loan growth are looking worse in the U.S. than in Europe, according to the Senior Loan Officers Survey. Valuations seem demanding when looking at the cost of equity. According to the Banks Macro Scorecard, U.S. banks scores close to bottom. Its return-on-equity to price-to-book ratio Z score is -1.22. The cost of equity for 2024, however, is around 10.6% for U.S. banks. There are signs of stress emerging for credit card and auto loan defaults. Lastly, commercial real estate exposure is higher at 8% of assets for large cap banks (and much more for regional banks). Also, held-to-maturity exposure is higher, and liquidity coverage ratios are worse in the U.S. than in Europe.  Nonetheless, these are UBS U.S. team’s top picks for U.S. banks: Citizens Financial Group (CFG), PNC Financial Services Group (PNC), Wells Fargo & Co. (WFC), Truist Financial Corp. (TFC), JPMorgan Chase (JPM). Other bank ETFs: (IAT), (DJUSBK), (KBWB), (KBE), (FTXO).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454040768"}