ubs reports strong third quarter profit of 1.4 billion dollars

UBS Group AG has announced a net profit of $1.4 billion for the third quarter, which can be attributed to shareholders. The company operates in four main business segments: wealth management, investment banking, retail and corporate banking, and asset management.

Wealth management accounts for 54.3% of UBS's revenues, followed by investment banking at 24.9%, retail and corporate banking at 12.3%, and asset management at 8.5%. As of the end of 2022, UBS manages CHF 525.1 billion in deposits and CHF 387.2 billion in loans.

In terms of geographical distribution, the Americas contribute the most to UBS's operating income at 39.9%, followed by Switzerland at 22.3%, Europe-Middle East-Africa at 20.2%, Asia-Pacific at 16.2%, and other regions at 1.4%.

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