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UBS Group AG reported fourth-quarter profits and announced plans for share buybacks totaling up to $3 billion. The company operates through four 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, UBS managed $792 billion in deposits and $639.8 billion in loans.
UBS Group AG has reduced its workforce by over 10,000 positions since acquiring Credit Suisse in 2023. The global headcount decreased from a peak of 119,100 in June 2023 to 108,648 by the end of the year, reflecting the ongoing integration of the two banks.
UBS Group AG, a holding company with diverse business divisions, reported that higher capital requirements could impact shareholder returns. The company derives 50.9% of its income from wealth management, with significant contributions from its investment bank (20.8%) and client and commercial banking (20.2%). By the end of 2023, UBS managed USD 792 billion in deposits and USD 639.8 billion in loans.
UBS reported a significant profit increase, with a net profit of $770 million in Q4 2024, reversing a loss from the previous year. The bank announced a 29% dividend hike to $0.90 per share and plans $3 billion in share buybacks for 2025, while continuing the integration of Credit Suisse and targeting $2.5 billion in savings by 2025. Despite strong results, UBS remains cautious about future market volatility due to geopolitical uncertainties and inflation concerns.
UBS Group AG CEO Sergio Ermotti cautioned that markets may not adequately account for the inflationary risks associated with US tariffs imposed by President Donald Trump. While some tariff impacts are reflected in market pricing, Ermotti noted that not all potential negative outcomes have been considered.
UBS CEO Sergio Ermotti cautioned that markets may not fully account for the inflationary risks associated with US tariffs, despite some aspects being priced in. He noted that rising tariffs could pressure central banks to halt or reverse easing policies, a scenario not yet reflected in market valuations. Following a temporary delay of tariffs on Canada and Mexico, Ermotti acknowledged a willingness to negotiate among involved parties, emphasizing the potential economic impact of increased import costs.
UBS Group AG, a holding 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, the Group managed USD 792 billion in deposits and USD 639.8 billion in loans. The CEO emphasized that any significant changes to the capital regime would be unjustified.
UBS Group AG 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, the Group managed USD 792 billion in deposits and USD 639.8 billion in loans. The CEO emphasized that all capital measures must be proportionate.
UBS Group AG, organized around four core businesses—wealth management, investment banking, retail and corporate banking, and asset management—faces concerns from its CEO that stricter capital requirements could negatively impact shareholder returns. By the end of 2023, the Group is set to manage USD 792 billion in deposits and USD 639.8 billion in loans.
UBS Group AG, a holding company, 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. The CEO emphasized that all capital measures must be proportionate.
UBS Group AG
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