UBS May Benefit More Than Others From Trump Win, HSBC Says
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UBS Group AG is one of the European banks that stands to benefit the most from Donald Trump’s election victory if he follows through on pledges to slash taxes and ease regulation of financial institutions, according to HSBC analysts.
The Swiss bank draws 39 percent of its revenue from the U.S., said analysts led by Alevizos Alevizakos, who has a buy rating on UBS. That’s a bigger share than European rivals including Barclays Plc, Credit Suisse Group AG and Deutsche Bank AG, they said in a note Friday.