ubs reports strong q3 with 1.4 billion net profit

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 segments: wealth management, investment banking, retail and corporate banking, and asset management.

These segments contribute to the company's revenues in the following proportions: 54.3% from wealth management, 24.9% from investment banking, 12.3% from retail and corporate banking, and 8.5% from asset management.

As of the end of 2022, UBS held CHF 525.1 billion in current deposits and CHF 387.2 billion in current loans. In terms of geographical distribution, the firm's operating income is derived from various regions: 39.9% from the Americas, 22.3% from Switzerland, 20.2% from Europe, the Middle East, and Africa, 16.2% from the Asia/Pacific region, and 1.4% from other areas.

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