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Macroeconomic Headwinds Would Have Hurt UBS's Q2 Results

UBS will kick-off the earnings season for European banks on Tuesday, July 23. After reporting a rather soft performance in Q1, the bank isn’t likely to do much better in Q2. Trefis estimates that UBS’s stock has a fair value of $16.50, which is almost 35% ahead of the current market price.
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