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UBS reports strong profits and accelerates Credit Suisse integration plans

UBS Group reported a profit of $1.43 billion in Q3 2024, significantly surpassing market expectations and recovering from a $715 million loss in the same quarter last year due to integration costs from the Credit Suisse acquisition. The bank is ahead of schedule in its restructuring efforts, aiming for full integration by 2025, with projected savings of $13 billion. UBS's operating income rose 5.5% to $12.3 billion, and it raised an additional $24.7 billion in its global wealth management sector, reflecting investor optimism about its long-term market expansion.
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12:06 30.10.2024
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