0705 GMT - UBS Group's outlook remains uncertain and is likely to be volatile, but the bank's first-quarter results beat expectations benefiting from market activity, RBC Capital Markets' Anke Reingen and Matthew Russell say in a research note. The Swiss financial-services group reiterated its 2026 targets and reaffirmed its 2025 buyback plans. However, lack of clarity on Switzerland's update of its "Too Big to Fail" rules remains a major source of uncertainty, RBC says. UBS's net interest income trends were weaker and they are expected to continue to decline, while the bank cautioned that market volatility might delay client activity, RBC says. Shares rise 1.4%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 03:05 ET (07:05 GMT)
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