![]() Amazon's business mix positions the company to be a beneficiary of sustained long-term behaviors that are likely pulling forward prior multi-year industry adoption curves in eCommerce, cloud computing, media consumption, digital ad & AI voice assistants," said UBS analyst Eric Sheridan. "We continue to believe that COVID-19 will have a profound impact on consumer/enterprise behavior over the medium-to-long term. The firm believes Amazon Web Services can sustain high revenue growth while expanding margins. UBS also expects Amazon, one of the biggest beneficiaries from the pandemic, to continue to gain momentum next year. UBS sees 24% upside for Ally Financial and 17% upside to Morgan Stanley's 12-month price targets. "We view MS as well positioned to see accelerating growth in its wealth and asset management business," analyst Brennan Hawken said of Morgan Stanley. Though the economic outlook remains uncertain, we expect credit quality to be resilient and reserve levels to eventually decline as the economy continues recovering, buttressing earnings," UBS analyst Saul Martinez told clients. "ALLY has demonstrated a combination of disciplined asset growth, pricing strength, and operating leverage. The firm expects Ally to benefit from the net interest margin expansion give its asset sensitivity. Financials have been some of the hardest hit by the pandemic, but UBS is betting on Ally Financial and Morgan Stanley to come out on top next year. "We've also considered upside to price target, risk/reward skew, and sector weightings." Take a look at some of the UBS picks here. "From a strategy perspective, we chose stocks with exposure to key themes for next year including those with notable upside in further reopening of the economy as well as secular winners with still attractive growth prospects relative to valuations," UBS equity strategist Keith Parker told clients. The Wall Street firm said it focused on stocks where its analysts have a differentiated view and unique data sources. UBS surveyed all of its U.S.-based analysts and selected the most compelling buy-rated investment ideas for the year ahead. The Wall Street firm likes names like Morgan Stanley, Southwest Airlines and Constellation Brands, among other equities with big upside to UBS' price targets. (This story is for CNBC Pro subscribers only.) After a wild 2020, UBS is trying to peg the top performers of the new year. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Credit Suisse executives or board members were not on the call.Best Debt Consolidation Loans for Bad Credit "It's a historic day, and a day we hoped would not come," Kelleher added on an analyst call that included UBS CEO Hamers. "This acquisition is attractive for UBS shareholders but, let us be clear, as far as Credit Suisse is concerned, this is an emergency rescue," UBS chair Colm Kelleher said in a statement, taking a not-too-thinly-veiled shot at the Credit Suisse board and executive team. Other: UBS sees the deal as accretive to EPS by 2027 Credit Suisse investment bank will be wound down Total annualized cost savings of $8 billion by 2027 Both banks have unrestricted access to the Swiss National Bank's existing facilities UBS will suspend its stock buyback plan Integration will take three to four years. Who Will Run the Combined Entity: UBS chair Colm Kelleher and UBS CEO Ralph Hamers ![]() Here are the UBS-Credit Suisse deal details : regional banks."Īfter much speculation and with markets on the cusp of a Monday morning panic at the hands of a rolling bank crisis, UBS ( UBS) made its play for its stricken long-time Swiss rival. Added Guha: "Market focus will likely broaden out to other weaker European banks as well as U.S.
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