UBS 1Q24 net profit of USD 1.8bn and underlying PBT of USD 2.6bn; integration priorities on track (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)
UBS Group AG Registered Ordinary Shares (UBS)
US:NYSE Investor Relations:
ubs.com/global/en/about_ubs/investor_relations.html
Company Research
Source: Business Wire
ZURICH & BASEL, Switzerland--(BUSINESS WIRE)--Regulatory News:This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506952345/en/Key highlights (Graphic: UBS Group AG)UBS (NYSE:UBS) (SWX:UBSN):Key highlights1Q24 PBT of USD 2.4bn and underlying1 PBT of USD 2.6bn reflecting our commitment to stay close to clients and the execution of our restructuring plans at pace; significant positive operating leverage with underlying revenue growth of 15% QoQ and underlying operating expenses reduction of 5% QoQ; net profit of USD 1.8bnContinued franchise strength and client momentum with net new assets of USD 27bn in Global Wealth Management and increased transaction activity levels across Global Wealth Management, Personal & Corporate Banking and the Investment BankNon-core and Legacy RWA reduced by USD 16bn, mainly from active unwinds; underlying operating expenses declined 26% QoQ reflecting significant progress in our cost reduction
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UBS
Earnings
- 5/7/24 - Beat
UBS
Sec Filings
- 5/13/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/13/24 - Form 13F-HR
- UBS's page on the SEC website