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RBC Capital pulls Underperform rating on UBS

Oct. 05, 2016 9:56 AM ETUBS Group AG (UBS) StockUBSBy: Stephen Alpher, SA News Editor
  • It's been an ugly year for UBS, but not nearly as bad as that for fellow Swiss giant Credit Suisse, nor Germany's Deutsche Bank.
  • YTD: UBS -27.7%, CS -37.8%, DB -44.1%.
  • Year-over-year: UBS -28.6%, CS -46.4%, DB -52.2%.
  • Royal Bank of Canada today upgrades UBS to Sector Perform from Underperform.

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