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UBS Group reported a net income of $770 million for Q4 2024, exceeding analyst expectations of $483 million. The bank announced a $3 billion share buyback plan for the year, with $1 billion in the first half and up to $2 billion in the second half, while maintaining a CET1 ratio target of around 14%. Total revenues rose 7% to $11.6 billion, and net new assets in global wealth management were $18 billion, falling short of forecasts.
UBS reported a net income of $770 million for Q4 2024, surpassing analyst expectations of $483 million, and announced a $3 billion share buyback plan. Total revenues rose 7% to $11.6 billion, while net new assets in global wealth management totaled $18 billion, below the anticipated $21 billion. The bank is also navigating potential regulatory changes in Switzerland following the Credit Suisse acquisition, which has significantly boosted UBS shares.
UBS Group reported a net income of $770 million for Q4 2024, exceeding analyst expectations of $483 million. The bank announced a $3 billion share buyback plan and achieved total revenues of $11.6 billion, while net new assets in global wealth management reached $18 billion, falling short of forecasts. UBS is navigating potential regulatory changes in Switzerland following the Credit Suisse acquisition, emphasizing the need for balanced capital requirements to maintain competitiveness.
UBS Group AG reported profits that exceeded forecasts and announced a $3 billion share buyback, contingent on capital regulations. The company operates across four main sectors: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). As of the end of 2023, UBS held USD 792 billion in current deposits and USD 639.8 billion in current loans.
UBS Group AG reported a net profit of $770 million in Q4, surpassing expectations. The company operates through four main divisions: wealth management (50.9% of income), investment banking (20.8%), client and commercial banking (20.2%), and asset management (6.3%). By the end of 2023, UBS managed $792 billion in deposits and $639.8 billion in loans.
UBS Group AG operates through four main business segments: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). By the end of 2023, the Group is set to manage USD 792 billion in deposits and USD 639.8 billion in loans.
UBS reported a profit of $5.1 billion for the full year 2024 and plans to increase its dividend to $0.90 per share from $0.70. The bank also announced a $3 billion share buyback for FY25 and aims to cut costs by approximately $2.5 billion in 2025.
UBS Group AG operates through four main divisions: wealth management (50.9% of income), investment bank (20.8%), client and commercial bank (20.2%), and asset management (6.3%). By the end of 2023, the Group managed USD 792 billion in deposits and USD 639.8 billion in loans.
UBS reported a profit of over $5 billion for 2024, exceeding market expectations and increasing its dividend by 29% to $0.90 per share. The bank achieved a pre-tax profit of $1.05 billion in Q4 2024, recovering from a loss in the same quarter the previous year, while also making progress on the integration of Credit Suisse. Despite positive investor sentiment, UBS noted ongoing uncertainties in the global economic landscape.
UBS Group AG reported a net profit of $0.8 billion for Q4 2024, contributing to a full-year profit of $5.1 billion. The bank proposed a 29% dividend increase to $0.90 per share and plans to continue share buybacks in 2025, while achieving $3.4 billion in cost savings from integrating Credit Suisse. Group CEO Sergio P. Ermotti highlighted the successful completion of key integration milestones and a strong capital position.
UBS Group AG
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