ubs shares dip as investors react to recent performance updates

UBS shares experienced a slight decline of 0.1 percent to CHF 27.98 during the SIX SX session. This decrease occurred within the broader SMI index, which stood at 12,165 points.

The share price briefly dropped to CHF 27.77 after opening at CHF 27.95. Over 1.3 million shares have been traded so far today. Currently, the stock is 2.86 percent below its 52-week high of CHF 28.78, which was reached on June 3, 2024. However, it remains 25.38 percent above its 52-week low of CHF 20.88, recorded on October 27, 2023.

UBS has projected a dividend of USD 0.823 for the current year, an increase from CHF 0.640 per share in the previous year. The company reported earnings per share (EPS) of CHF 0.32 for the quarter ending June 30, 2024, a significant rise from CHF 8.42 per share in the previous year. Turnover also experienced a substantial increase of 38.06 percent year-over-year, reaching CHF 19.76 billion compared to CHF 14.32 billion in the prior-year period. UBS is scheduled to release its Q3 2024 balance sheet on October 30, 2024. Analysts are projecting earnings of USD 1.65 per share for 2024.

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