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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 plans to buy back $1 billion in shares during the first half of 2025. The company operates through four main 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, UBS will manage $792 billion in deposits and $639.8 billion in loans.
UBS reported a profit of 5.1 billion francs for 2024, exceeding market expectations, with a pre-tax profit of 1.05 billion in Q4. The bank has reduced costs by 7.5 billion since 2022 and plans to increase dividends by 29% to $0.90 per share, alongside share buybacks of up to $3 billion in 2025. Despite attracting $18 billion in net new assets, total group-wide assets declined to $6,087 billion amid a challenging global economic outlook.
UBS reported a pre-tax profit of $1.05 billion for Q4 2024, exceeding expectations, and a full-year profit of $5.09 billion, down from $27 billion the previous year due to the Credit Suisse acquisition. Despite a 29% increase in dividends to $0.90 per share, UBS shares fell over 4% amid broader market concerns. The bank has cut costs significantly, aiming for a total reduction of $13 billion by 2026, while attracting $18 billion in net new assets in its wealth management sector.
UBS Group AG reported a fourth-quarter profit of $770 million for 2024, surpassing expectations of $486 million. This strong performance has led the Swiss bank to increase its share buyback plans to $3 billion. However, net new assets in the wealth-management unit fell short of forecasts, while pre-tax profit at the investment bank reached $479 million, exceeding estimates.
UBS Group AG
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