ubs shares rise with strong quarterly earnings and dividend expectations

UBS shares on the SIX SX exchange saw a significant increase in afternoon trading, reaching a peak of CHF 28.42. The stock opened at CHF 28.04 and closed at CHF 28.22, contributing positively to the SMI index.

The current value of the SMI is 12,310 points. The trading volume for UBS shares reached 2,663,854. Over the past year, UBS shares have risen by 35.15% from a low of CHF 20.88 on October 27, 2023. The stock's 52-week high of CHF 28.78 was recorded on June 3, 2024, indicating a potential upside of 1.98% from the current price.

In 2023, UBS shareholders received a dividend payout of CHF 0.640, and it is expected to increase to USD 0.823 this year. The company reported earnings per share of CHF 0.32 for the quarter ending June 30, 2024, which is a significant drop from CHF 8.42 in the previous year. However, there was a 38.06% increase in turnover to CHF 19.76 billion. Analysts project earnings of USD 1.64 per share for 2024.

The Q3 2024 financial results are anticipated on October 30, 2024, with Q3 2025 results expected on October 28, 2025.

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