JPMorgan Adds UBS (UBS) to 'Focus List'

Shares of UBS (NYSE: UBS) are continuing sharply lower Tuesday morning despite being added to JPMorgan's "Focus List" this morning.

The downward pressure comes amid a return to the debt contagion trade in the Eurozone. A strategist at UBS issued a note Monday arguing the banking sector has fallen back into "crisis mode." The UBS analyst believes the marked-to-market trading books of banks focused in the capital markets is likely "particularly exposed to extreme stress..."

JPMorgan maintains an Overweight rating and price target around $22 on shares of UBS.

The stock is down 11.6 percent to $12.20 Tuesday morning.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• TikTok owner ByteDance said to secure $29.6bn loan for AI push
• UBS Reiterates Neutral Rating on Kroger (KR) as Transformation Plan Not Yet Clear
• UBS Reiterates Buy Rating on PVH Corp (PVH) on Strong Earnings Growth Potential