UBS shares saw a decrease of 0.6 percent, trading at CHF 27.58 as of 04:28 in SIX SX, making it one of the notable losers in the SMI, which is currently at 11,634 points.
The stock reached a low of CHF 27.44 during the session, having opened at CHF 27.50. A total of 2,146,585 shares were traded, with the current price standing 6.73 percent below its 52-week high of CHF 29.57 reached on October 30, 2024, and 22.41 percent above its 52-week low of CHF 22.53 recorded on August 5, 2024.
In financial updates, UBS is expected to pay a dividend of USD 0.819 this year, an increase from CHF 0.640 last year. The bank reported earnings per share of CHF 0.39 for the most recent quarter ending September 30, 2024, a significant improvement from CHF -0.21 per share in the previous year. However, turnover slightly declined by 0.21 percent to CHF 18.86 billion compared to CHF 18.90 billion a year earlier.
UBS is scheduled to release its Q4 2024 results on February 4, 2025, with analysts predicting earnings of USD 1.76 per share for the year.