ubs shares rise as investors eye quarterly results and dividend payout

UBS shares had a positive afternoon session, increasing by 0.9 percent to CHF 28.34 on the SIX SX exchange, contributing to the SMI's performance at 11,705 points.

The stock reached a daily high of CHF 28.34 after starting the trading day at CHF 28.14, with a total of 1,549,963 shares traded.

UBS's highest price in the past 52 weeks was CHF 29.57, achieved on October 30, 2024, while the lowest price was CHF 22.53 on August 5, 2024.

In terms of financial performance, UBS reported earnings per share (EPS) of CHF 0.39 for the quarter ending September 30, 2024, a significant improvement from CHF -0.21 in the same quarter the previous year.

Revenue for the quarter was CHF 18.86 billion, reflecting a slight decrease of 0.21 percent from CHF 18.90 billion year-over-year.

The expected dividend for 2023 is CHF 0.640, with an estimated dividend of USD 0.819 for the current year.

UBS will announce its Q4 2024 results on February 4, 2025, and analysts predict an EPS of USD 1.76 for 2024.

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