UBS Research: Banks http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschstockrschsector&IndCatCode=BNK&MarketCode=GL&MarketCap=X UBS Research: Banks en Copyright (C) UBS 2009. All rights reserved. eMarketing@ubs.com eMarketing@ubs.com Fri, 3 Jul 2009 Sat, 4 Jul 2009 60 http://clientportal.ibb.ubs.com/portal/index.jsp?page=eqrschrss http://research.ibb.ubs.com:80/images/logo.gif UBS http://www.ubs.com 160 44 <![CDATA[Lloyds Banking Group "To the inflexion and beyond" (Buy) Crutchley]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63552|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA


Sectors
  • European Banks

  • British Banks

  • Global Banks

  • European Financial

  • British Financial

  • Global Financial

  • British Banks, Ex-S&L

  • European Banks, Ex-S&L

  • Global Banks, Ex-S&L


Companies
  • LLOY.L Lloyds Banking Group


Subjects
  • Company Update

]]> John-Paul Crutchley LLOY.L http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63552|native|public|20090703113924 Fri, 3 Jul 2009 <![CDATA[Global Bank Valuations 3-Jul-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63585|native|public Regions
  • Global


Sectors
  • Global Banks

  • Global Diversified Financial

  • Global Financial

  • Global Financial Services

  • Global Banks, Ex-S&L


]]> Philip Finch http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63585|native|public|20090703085716 Fri, 3 Jul 2009 <![CDATA[Global Bank Valuations 3-Jul-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63584|native|public Regions
  • Global


Sectors
  • Global Banks

  • Global Diversified Financial

  • Global Financial

  • Global Financial Services

  • Global Banks, Ex-S&L


]]> Philip Finch http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63584|native|public|20090703085453 Fri, 3 Jul 2009 <![CDATA[China A-share Bank Sector "Slower growth; attractive value" (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01620|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 600036.SS CMB-A

  • 600015.SS Hua Xia Bank

  • 000001.SZ Shenzhen Dev. Bank

  • 601398.SS ICBC - A

  • 601988.SS BOC (Group) - A

  • 601166.SS Industrial Bank

  • 601939.SS CCB - A

  • 601998.SS CITIC Bank - A

  • 601328.SS BCOM - A


Subjects
  • Industry Overview

  • Morning Note

]]> Victor Wang 600036.SS 600015.SS 000001.SZ 601398.SS 601988.SS 601166.SS 601939.SS 601998.SS 601328.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01620|native|public|20090702180555 Thu, 2 Jul 2009 <![CDATA[China H-share Bank Sector "Growth to slow from 2010" 02-Jul-2009 Wang]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48226|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 3988.HK Bank of China

  • 0939.HK CN Construction Bank

  • 3328.HK BCOM

  • 1398.HK ICBC

  • 3968.HK CMB

  • 0998.HK Citic Bank


Subjects
  • Industry Overview

]]> Victor Wang 3988.HK 0939.HK 3328.HK 1398.HK 3968.HK 0998.HK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48226|native|public|20090702142233 Thu, 2 Jul 2009 <![CDATA[UBS FIG Overdraft 2-Jul-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76896|native|public Regions
  • Global

  • Americas

  • United States

  • North America


Sectors
  • Global Banks

  • Global Diversified Financial

  • Global Savings & Loan

  • Global Investment Services

  • Global Insurance, Life

  • Global Insurance, Property & Casualty

  • Global Financial

  • Global Insurance

  • Global Financial Services

  • Global Banks, Ex-S&L

  • Americas Banks

  • Americas Diversified Financial

  • Americas Savings & Loan

  • Americas Investment Services

  • US Banks

  • US Diversified Financial

  • US Savings & Loan

  • US Investment Services

  • US Insurance, Life

  • US Insurance, Property & Casualty

  • Americas Insurance, Life

  • Americas Insurance, Property & Casualty

  • Americas Financial

  • Americas Insurance

  • US Financial

  • US Insurance

  • Americas Financial Services

  • US Financial Services

  • US Banks, Ex-S&L

  • Americas Banks, Ex-S&L

  • North American Banks, Ex-S&L

  • North American Banks

  • North American Financial

  • North American Diversified Financial

  • North American Financial Services

  • North American Insurance, Life

  • North American Insurance, Property & Casualty

  • North American Insurance

  • North American Savings & Loan

  • North American Investment Services


]]> Andrew Kligerman http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uez76896|native|public|20090702134330 Thu, 2 Jul 2009 <![CDATA[Global Bank Valuations 2-Jul-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63540|native|public Regions
  • Global


Sectors
  • Global Banks

  • Global Diversified Financial

  • Global Financial

  • Global Financial Services

  • Global Banks, Ex-S&L


]]> Philip Finch http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63540|native|public|20090702123116 Thu, 2 Jul 2009 <![CDATA[Global Bank Valuations 2-Jul-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63539|native|public Regions
  • Global


Sectors
  • Global Banks

  • Global Diversified Financial

  • Global Financial

  • Global Financial Services

  • Global Banks, Ex-S&L


]]> Philip Finch http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63539|native|public|20090702123005 Thu, 2 Jul 2009 <![CDATA[Standard Chart. "More upgrading for trading" (Neutral) Ryan]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63492|native|public Regions
  • Europe Including UK

  • United Kingdom

  • Global

  • UBSW EMEA

  • Asia

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • European Banks

  • British Banks

  • Global Banks

  • European Financial

  • British Financial

  • Global Financial

  • British Banks, Ex-S&L

  • European Banks, Ex-S&L

  • Global Banks, Ex-S&L

  • Asian Banks

  • Asian Financial

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asia Emerging Banks, Ex-S&L


Companies
  • HSBA.L HSBC

  • STAN.L Standard Chart.

  • 2888.HK Standard Chart


Subjects
  • Change in Recommendation

  • Company Update

]]> Alastair Ryan HSBA.L STAN.L 2888.HK http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63492|native|public|20090702113310 Thu, 2 Jul 2009 <![CDATA[Webcast: Spanish Banks - At the beginning of the provisioning cycle - Ramenghi]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63535|native|public Regions
  • Spain

  • Europe Including UK

  • Europe Ex. UK

  • Global

  • Portugal

  • UBSW EMEA


Sectors
  • Spanish Banks

  • European Banks

  • European Ex. UK Banks

  • Global Banks

  • Portuguese Banks

  • Spanish Financial

  • European Financial

  • European Ex. UK Financial

  • Global Financial

  • Portuguese Financial

  • Spanish Banks, Ex-S&L

  • Portuguese Banks, Ex-S&L

  • European Banks, Ex-S&L

  • European Ex. UK Banks, Ex-S&L

  • Global Banks, Ex-S&L


]]> Ignacio Sanz, CFA http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uer63535|native|public|20090702102131 Thu, 2 Jul 2009 <![CDATA[China A-share Bank Sector [ERRATUM] "Slower growth; attractive value"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48229|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 600036.SS CMB-A

  • 600015.SS Hua Xia Bank

  • 000001.SZ Shenzhen Dev. Bank

  • 601398.SS ICBC - A

  • 601988.SS BOC (Group) - A

  • 601166.SS Industrial Bank

  • 601939.SS CCB - A

  • 601998.SS CITIC Bank - A

  • 601328.SS BCOM - A


Subjects
  • Industry Overview

]]> Janet Sun 600036.SS 600015.SS 000001.SZ 601398.SS 601988.SS 601166.SS 601939.SS 601998.SS 601328.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48229|native|public|20090702093507 Thu, 2 Jul 2009 <![CDATA[China A-share Bank Sector [ERRATUM] "Slower growth; attractive value [EXTRACT]"]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48230|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 600036.SS CMB-A

  • 600015.SS Hua Xia Bank

  • 000001.SZ Shenzhen Dev. Bank

  • 601398.SS ICBC - A

  • 601988.SS BOC (Group) - A

  • 601166.SS Industrial Bank

  • 601939.SS CCB - A

  • 601998.SS CITIC Bank - A

  • 601328.SS BCOM - A


Subjects
  • Industry Overview

  • Morning Note

]]> Janet Sun 600036.SS 600015.SS 000001.SZ 601398.SS 601988.SS 601166.SS 601939.SS 601998.SS 601328.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uev48230|native|public|20090702092812 Thu, 2 Jul 2009 <![CDATA[Australian Banking Sector Update "2Q09 Where the money was made" 02-Jul-2009]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet10338|native|public Regions
  • Global

  • Asia Pacific

  • Asia Pacific Ex. JP

  • Australia

  • Australasia


Sectors
  • Global Banks

  • Global Financial

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial

  • Australian Banks

  • Australian Financial

  • Australasian Banks

  • Australasian Financial


Companies
  • CBA.AX Commonwealth Bank

  • NAB.AX National Aust. Bank

  • ANZ.AX ANZ Banking Group

  • BEN.AX Bendigo & Adelaide

  • BOQ.AX Bank of Queensland

  • WBC.AX Westpac Banking Corp


Subjects
  • Industry Overview

  • Market Strategy / Comment

  • Morning Note

]]> Jonathan Mott CBA.AX NAB.AX ANZ.AX BEN.AX BOQ.AX WBC.AX http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=uet10338|native|public|20090702092051 Thu, 2 Jul 2009 <![CDATA[ICBC - A "Leading franchise, attractive stock; Buy" (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01611|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 601398.SS ICBC - A


Subjects
  • Morning Note

]]> Victor Wang 601398.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01611|native|public|20090702033309 Thu, 2 Jul 2009 <![CDATA[China Construction Bank - A "Buy rating, but less..." (Buy) (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01614|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 601939.SS CCB - A


Subjects
  • Morning Note

]]> Victor Wang 601939.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01614|native|public|20090702033052 Thu, 2 Jul 2009 <![CDATA[Bank of China (Group) - A "Recovering ROE but..." (Neutral) (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01619|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 601988.SS BOC (Group) - A


Subjects
  • Morning Note

]]> Victor Wang 601988.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01619|native|public|20090702032732 Thu, 2 Jul 2009 <![CDATA[Bank of Communications - A "Fairly valued..." (Neutral) (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01618|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 601328.SS BCOM - A


Subjects
  • Morning Note

]]> Victor Wang 601328.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01618|native|public|20090702032720 Thu, 2 Jul 2009 <![CDATA[China Merchants Bank - A "Retain Buy, but ROE..."(Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01617|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 600036.SS CMB-A


Subjects
  • Morning Note

]]> Victor Wang 600036.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01617|native|public|20090702032325 Thu, 2 Jul 2009 <![CDATA[SDB "More capital & committed new shareholder" (Buy) (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01612|native|public Regions
  • Global

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 000001.SZ Shenzhen Dev. Bank


Subjects
  • Morning Note

]]> Victor Wang 000001.SZ http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01612|native|public|20090702030738 Thu, 2 Jul 2009 <![CDATA[Hua Xia Bank "Positive signals; fundamentals still weak" (Chinese Version)]]> http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01613|native|public Regions
  • Switzerland

  • Europe Including UK

  • Europe Ex. UK

  • Global

  • UBSW EMEA

  • Asia

  • China

  • Asia Pacific

  • Asia Pacific Ex. JP


Sectors
  • Global Banks

  • Global Financial

  • Global Banks, Ex-S&L

  • Asian Banks

  • Chinese Banks

  • Asian Financial

  • Chinese Financial

  • Chinese Banks, Ex-S&L

  • Asian Banks, Ex-S&L

  • Asian Pacific Banks, Ex-S&L

  • Asian Pacific Banks

  • Asian Pacific Financial

  • Asian Pacific Ex. JP Banks, Ex-S&L

  • Asian Pacific Ex. JP Banks

  • Asian Pacific Ex. JP Financial


Companies
  • 600015.SS Hua Xia Bank


Subjects
  • Morning Note

]]> Victor Wang 600015.SS http://research.ibb.ubs.com:80/servlet/SrchDoc?rss=zya01613|native|public|20090702025929 Thu, 2 Jul 2009