1248 GMT - UBS is benefiting from a "best in class" integration of former rival Credit Suisse, analysts at JPMorgan say in a research note. Its work so far on integrating Credit Suisse is one of the smoothest executions in terms of large in-market bank mergers in the last three decades, according to JPM. "Under the leadership of CEO Sergio Ermotti, UBS is not just delivering on cost synergies while reducing the non-core business at a faster pace but also more importantly retaining and in our view even growing market share in its core business of [wealth management]," JPM says. UBS shares fall 1.4%, having traded up earlier in the session. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 08:48 ET (12:48 GMT)
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