Ermotti, who previously served as the bank's CEO from 2011 to 2020. He will resume control on April 5th.
In a note to clients, Bank of America analyst Alastair Ryan cited Ermotti's "signature restructuring" of the bank during his previous tenure as a reason for investors would be happy with his return.The stock is still down since the first week of March, when worries about the banking system on both sides of the Atlantic began.CNBC Pro: India has big manufacturing plans.
India has a massive plan to boost manufacturing — and technology firms in Greater China will be a key beneficiary, according to Goldman Sachs. The investment bank called the plan a "substantial opportunity" for such firms, and names two stocks to buy, including a global tech giant. One of them has upside of nearly 60%.
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