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RBC Capital Markets Cuts UBS PT While Adjusting AUM Assumptions

UBS Group AG (NYSE:UBS) is included among the 13 Bank Stocks with Highest Dividends.

On April 7, RBC Capital lowered its price recommendation on UBS Group AG (NYSE:UBS) to CHF 37 from CHF 38. It reiterated an Outperform rating on the shares ahead of its Q1 results. The analyst said the firm is adjusting its model to reflect lower assets under management for UBS, as outlined in a research note.

On March 20, Reuters reported that UBS secured a national banking licence in the United States. The Swiss bank said the approval marks a step forward in its effort to expand its wealth management business in the world’s largest economy.UBS confirmed that its application for a national bank charter had been approved by the Office of the Comptroller of the Currency. The move comes as the bank works through stricter regulatory requirements in Switzerland.

The bank had applied to convert UBS Bank USA into a nationally chartered institution. This change will allow it to offer a full range of services similar to US banks, including checking accounts, savings accounts, and mortgages. Brian Carlin, head of global wealth management US, said the charter would help expand both the client base and the services offered, though he noted the process will take time.

UBS Group AG (NYSE:UBS) is a Switzerland-based holding company that operates through UBS AG and its subsidiaries. It focuses on wealth management, supported by asset management and investment banking, and runs a capital-light, cash-generative business model.

While we acknowledge the risk and potential of UBS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UBS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Low Volatility Blue Chip Stocks to Buy Now and 15 Best Consistent Dividend Stocks to Buy Right Now

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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