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10.07.2020 12:00:00

Why UBS Is Holding Up Better Than Most Banks During the Pandemic

UBS Group (NYSE: UBS) is one of the world's premier asset managers, with business lines in investment banking, corporate and consumer banking, and the golden goose: global wealth management. After plunging in the market's sell-off earlier this year, UBS' stock has been climbing steadily on the back of a strong first-quarter earnings report. It's now down about 7% in 2020 after surging more than 50% from its lows.While the other big bank stocks have been largely sluggish since March, UBS is racing ahead in a competitive space. Here's what's behind UBS' rally, and why it might be a great buy today.Image source: Getty Images.Continue reading
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