ubs shares rise as earnings and turnover show significant growth

UBS shares experienced a 0.3% increase during the SIX SX session, surpassing the performance of the SMI.

The stock opened at a price of CHF 27.60 and had a trading volume of 185,447 shares.

The 52-week high for UBS was CHF 28.78, achieved on June 3, 2024, requiring a 3.64% increase to reach that level.

On the other hand, the shares reached a low of CHF 20.88 on October 27, 2023, representing a 24.81% difference from that low point.

The estimated dividend for UBS shares has risen to USD 0.823 for the current year, compared to CHF 0.640 last year.

In the most recent quarterly results released on August 14, 2024, UBS reported earnings per share of CHF 0.32, a significant decrease from CHF 8.42 in the same quarter of the previous year.

Turnover for the quarter amounted to CHF 19.76 billion, reflecting a 38.06% increase from CHF 14.32 billion in the prior year.

UBS is scheduled to announce its Q3 2024 results on October 30, 2024, with analysts projecting earnings of USD 1.64 per share for 2024.

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