A NEW OPPORTUNITY FOR INVESTORS IN SWITZERLAND’S $3.3 BILLION BANK DEAL
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
UBS Group (UBS) is a major global bank based out of Switzerland. To understand this investment, the following sections from the Morning Capsule are pertinent.
From the Morning Capsule:
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The chart shows a close in UBS stock of $18.20 on Friday, an early morning drop to $15.50, and a rise to $17.58 as of this writing. In Europe, the stock traded as low as $14.36.
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The price action is in response to the shotgun marriage orchestrated by the Swiss National Bank between UBS and Credit Suisse over the weekend.
March 21, 2023