UBS Group reported a fourth-quarter net profit of $770 million, surpassing forecasts, but shares fell 5.5% due to a lackluster buyback plan tied to Swiss capital rules. The bank plans to repurchase $1 billion in shares in the first half of 2025 and up to $2 billion in the second half, contingent on regulatory stability. Despite strong revenue growth and successful integration of Credit Suisse, net new assets in wealth management fell short of expectations, raising concerns among investors.
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