Dealogic - UBS Global IB revenue now 30%+ Less than Barclays/Wells

Based on the most helpful WSO content, UBS has faced challenges in its investment banking division despite some strong hires in recent years. While UBS has historically had a stronger reputation in IB compared to Wells Fargo, recent discussions suggest that Wells Fargo is a growing franchise, slowly gaining market share, and positioning itself as a stronger player in the future. UBS, on the other hand, has been described as underperforming, though there is optimism that new high-profile hires could potentially turn things around.

Regarding Barclays, UBS did hire several bankers from Barclays in the past, but it seems that UBS's IB revenue is still lagging behind Barclays and Wells Fargo. This could be attributed to various factors, including market conditions, internal restructuring, or strategic focus. While UBS has had a reputation for better exit opportunities and prestige, especially for analysts targeting MF and UMM PE funds, its current performance in IB revenue appears to be underwhelming compared to its peers.

Sources: Wells Fargo vs. UBS, J.P. Morgan and now UBS? What exactly is the state of investment banking..., 2020s Investment Banking Outlook, UBS vs Barclays, What's up with the European banks and SA 2020? (UBS, DB, Barclays)