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0 0 0.00072516316171137 0.00145032632342274 0.00145032632342274 0.00507614213197972 0.00797679477882519 0.00797679477882519
Stock impact report

UBS Q4 Earnings Decline Y/Y on Higher Expenses, Revenues Up [Yahoo! Finance]

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB) 
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: itau.com.br/investor-relations
Company Research Source: Yahoo! Finance
Results were adversely impacted by higher operating expenses, along with a significant rise in credit loss expenses. However, a rise in total revenues, driven in part by the acquisition of Credit Suisse, was a supporting factor. The performance of the Personal & Corporate Banking division was impressive. However, the Asset Management, Non-core and Legacy, Investment Bank and Global Wealth Management segments did not perform well. Revenues Improve, Expenses Rise UBS' total revenues increased 35.2% year over year to $10.86 billion. Operating expenses increased 88.5% year over year to $11.47 billion. UBS reported total credit loss expenses of $136 million in the quarter compared with $7 million in the year-ago quarter. Business Divisions' Performance Global Wealth Management's fourth-quarter operating profit before tax was $381 million, down 64% year over year. The fall was mainly due to a decrease in other income and a rise in operating expenses. Asset Management's oper Show less Read more
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