ubs shares decline amid trading losses and upcoming earnings report

The UBS stock experienced a decline on Wednesday afternoon, trading down 0.5 percent at CHF 27.89 as of 12:28 PM. It opened at CHF 28.01 and reached a low of CHF 27.80 during the session.

This performance contributed to its status as one of the underperformers in the SMI, which is currently at 12,138 points. Today, a total of 669,802 shares have changed hands.

The UBS share has a 52-week high of CHF 28.78, achieved on June 3, 2024, which is 3.19 percent above the current price. On the other hand, the 52-week low was recorded on October 27, 2023, at CHF 20.88, indicating that a further decline of 25.13 percent could bring the stock back to that level.

In 2023, UBS shareholders received a dividend of CHF 0.640, with projections suggesting a distribution of USD 0.823 for the upcoming year.

For the quarter ending June 30, 2024, UBS reported earnings per share (EPS) of CHF 0.32, a significant drop from CHF 8.42 per share a year earlier. The company’s sales totaled CHF 19.76 billion, reflecting a 38.06 percent increase compared to the same quarter in the previous year.

The upcoming Q3 2024 results are anticipated to be released on October 30, 2024, while Q3 2025 results are expected on October 28, 2025. Analysts forecast UBS earnings for 2024 at USD 1.65 per share.

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