UBS Group Chairman, Axel Weber, expressed optimism about the bank's return on equity (ROE) target, stating that there may be potential for further upside. The ROE target is a metric that indicates the profitability of a company in relation to its shareholders' equity.
Weber's remarks came during the bank's annual general meeting, where he acknowledged the challenging market conditions in recent years but remained confident in UBS's ability to generate favorable returns. He highlighted the progress made in core business units and the successful implementation of cost-saving initiatives, which have contributed to a positive trajectory in the bank's financial performance.
