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596:31:23

Bloomberg

Baer's Hofmann Favors UBS, Says 'Stock Is Undervalued'

Baer's Hofmann Favors UBS, Says 'Stock Is Undervalued'

Baer's Hofmann Favors UBS, Says 'Stock Is Undervalued'

Madeleine Hofmann, analyst at Julius Baer Holding AG, talks with Bloomberg's Rishaad Salamat from Zurich about UBS AG's second-quarter forecast and her strategy for European banks. The Swiss company, the European bank hardest hit by the U.S. subprime crisis, said it may avoid a loss in the second quarter after about 3 billion Swiss francs ($2.9 billion) in tax credits. (Source: Bloomberg)

Bloomberg | July 4, 2008Watch more videos from Bloomberg

Tags:. .second. .forecast. .source. .company. .stock

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