Following the announcement of the annual results ' There are no significant changes to UBSe's forecasts', says the analyst firm.

UBS remains neutral on the stock but lowers its price target to E13 (from E13.7), which represents a potential upside of 7%.

' Our forecasts remain broadly unchanged after an unusually weak quarter for almost all CASA businesses. Our estimates remain below consensus and neutral', says UBS.

Crédit Agricole reported underlying EPS up 6.5% to 1.80 euros for the past year, and underlying ROTE stable at 12.6%.

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