-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We maintain our 12-month target price of USD47, reflecting a P/E multiple of 14.2x on our 2026 EPS forecast. This is a premium to its five-year historical average forward P/E of 13.6x, justified as the acquisition of Credit Suisse has fundamentally and positively transformed the company's structure and earnings potential, in our view. Following the strong Q1 results, we raise our 2026 EPS forecast to USD3.30 from USD3.21 and keep our 2027 EPS at USD3.97. We maintain our Hold rating, as stellar operational execution is now balanced against forward-looking risks. The exceptional Q1 results, driven by successful integration and strong client activity, confirm the franchise's powerful earnings potential and prompted an accelerated buyback. However, this momentum is tempered by two key overhangs: a material regulatory headwind requiring additional capital, and heightened macroeconomic uncertainty that could impact future client activity.