Top Picks "North American Financial Institutions: Our Current Highest-Co..."

Research evidence excerpt

Top Picks "North American Financial Institutions: Our Current Highest-Co..."

Global Research

26 May 2026ab

Top Picks Equities

AmericasNorth American Financial Institutions: Our

Current Highest-Conviction Calls Brian Meredith

Analyst

brian.meredith@ubs.com

+1-212-713 2492

Which Financials stocks to own Erika Najarian

Within this note, we detail our analysts' most compelling Buy-rated investment idea Analyst

from within each of their respective financials sectors. We've highlighted seven stocks erika.najarian@ubs.com

+1-212-713 2491

where we have a differentiated view, and where we have interesting or proprietary data

sources, from UBS Evidence Lab, HOLT, or elsewhere. We also discuss the main points of Alex Kramm, CFA

debate by subsector. Analyst

alex.kramm@ubs.com

Brokers, Asset Managers & Exchanges: LPL Financial Holdings (LPLA) is +1-212-713 4060

our top pick. We see an attractive entry point in LPL following recent Michael Brown

underperformance driven by muted NNA growth and overhangs around Analyst

potential AI disruption. We expect these concerns to fade as fundamentals mike.brown@ubs.com

reassert—specifically, a steady reacceleration in NNA that drives a return to +1-212-713 1387

normalized organic growth of ~6–7%, up from low single-digit levels through Michael Goldsmith

2H25–1H26E. Against this improving backdrop, we model 2027 EPS of Analyst

$28.25, generally in-line with consensus. We think as growth accelerates, the michael.goldsmith@ubs.com

multiple can re-rate to 14.0x from 10.1x which underpins our PT of $395, +1-212-713 2951

representing 38% potential upside. Michael Ward

Business, Education & Professional Services: Our top pick is S&P Global michael.ward@ubs.com

(SPGI). We see a constructive setup driven by a strong Ratings backdrop +1-212-713 3518