UBS: Benefits Of Credit Suisse Deal Starting To Show [Seeking Alpha]
UBS Group AG Registered Ordinary Shares (UBS)
US:NYSE Investor Relations:
ubs.com/global/en/about_ubs/investor_relations.html
Company Research
Source: Seeking Alpha
The integration of Credit Suisse is progressing well, leading to revenue and expense benefits from the rescue deal. UBS expects significant growth in earnings by 2026, potentially increasing stock price to the high $40s. This idea was discussed in more depth with members of my private investing community, Catalyst Hedge Investing. Learn More » UBS First Quarter Earnings Review: UBS Group AG ( NYSE: UBS ) reported a spectacular Q1 of 2024 early this morning . The integration of Credit Suisse continues apace. While there remain some cost cuts to complete, the revenue and expense benefits of the rescue deal are flowing through beautifully. This first slide lays out the big picture: consolidated revenue up 4% with expenses down 12%. The company lays out total PBT (profit before tax) and underlying PBT, which doesn't include someone time integration costs. The net difference this quarter was about $250 million, less than 10%. Underlying is reported above. The bridge from las
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UBS
News
- UBS Provides a Reminder Around the Upcoming Maturity of the UBS AG FI Enhanced Large Cap Growth ETNsBusiness Wire
- Thirty-three UBS Financial Advisors in Southern California and Hawaii named to Forbes Best-in-State Wealth Advisors listBusiness Wire
- Sixteen UBS Financial Advisors in Arizona Named to Forbes Best-in-State Wealth Advisors ListBusiness Wire
- 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)Business Wire
- UBS Declares Coupon Payments on 5 ETRACS Exchange Traded NotesBusiness Wire
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