ubs shares rise amid strong trading performance and positive earnings outlook

UBS shares experienced a 0.5% increase to CHF 28.32 during midday trading, making it one of the top performers in the SMI, which is currently at 12,318 points.

The stock reached its peak at CHF 28.46 earlier in the day, after opening at CHF 28.27. A total of 1,043,998 shares have been traded so far. The stock's highest point in the past 52 weeks was CHF 28.78 on June 3, 2024, while the lowest point was CHF 20.88 on October 27, 2023, indicating a 26.27% increase from the low to the current price.

In 2023, UBS shareholders received a dividend of CHF 0.640, with expectations for an increase to USD 0.823 in the coming year. The company reported earnings per share of CHF 0.32 for the quarter ending June 30, 2024, a significant drop from CHF 8.42 in the same quarter the previous year. Sales surged by 38.06% to CHF 19.76 billion, compared to CHF 14.32 billion a year earlier.

The Q3 2024 financial results are set to be released on October 30, 2024, while profit and sales figures for Q3 2025 are anticipated on October 28, 2025. Analysts project earnings per share of USD 1.65 for UBS in 2024.

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