ubs shares decline as market struggles amid mixed earnings outlook

The shares of UBS experienced a slight decline of 0.1 percent during the SIX SX session at 09:28, trading at CHF 27.99. UBS is considered one of the underperformers in the SMI.

Earlier in the day, the stock reached a low of CHF 27.81 after opening at CHF 27.95. A total of 145,024 shares were exchanged. The 52-week high for UBS shares was recorded at CHF 28.78 on June 3, 2024, which represents a 2.82 percent premium over the current price. The shares have shown significant volatility, hitting a 52-week low of CHF 20.88 on October 27, 2023.

In terms of dividends, UBS shareholders received CHF 0.640 in 2023, and there are expectations for an increase to USD 0.823 for the current year. The bank's latest quarterly results, released on August 14, 2024, showed a decline in earnings per share (EPS) from CHF 8.42 per share to CHF 0.32 per share compared to the previous year. Total sales for the quarter reached CHF 19.76 billion, marking a 38.06 percent increase from CHF 14.32 billion in the same quarter last year. Analysts project that UBS will report earnings of USD 1.65 per share for 2024.

The upcoming Q3 2024 balance sheet is scheduled for release on October 30, 2024, with the Q3 2025 results expected on October 28, 2025.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings