UBS Group AG has announced a quarterly profit of USD 1.43 billion, demonstrating strong performance across its various business segments.
The company's income is primarily driven by Wealth Management, which contributes 54.3% of total income, followed by the Investment Bank at 24.9%, Client Bank and Commercial Bank at 12.3%, and Asset Management at 8.5%.
As of the end of 2020, UBS managed CHF 525.1 billion in deposits and CHF 387.2 billion in loans. In terms of geographical distribution, North and South America account for 39.9% of operating income, while Switzerland, Europe, the Middle East, Africa, and the Asia-Pacific region contribute 22.3%, 20.2%, and 16.2% respectively. The remaining 1.4% falls under the "Other" category.
Analysts have given UBS an average recommendation of HOLD, with the last closing price recorded at 28.47 CHF. The average target price is set at 28.63 CHF, indicating a potential upside of 0.57%.