{
Sergio Ermotti

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}
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001122334455554433221100

floods devastate spain as new banknotes and profits emerge in switzerland

Heavy flooding in Spain has resulted in at least 51 fatalities, particularly affecting the Valencia region, with ongoing rescue efforts. In Switzerland, the National Bank is launching a design competition for new banknotes themed "Switzerland and its altitudes," while UBS reports a quarterly profit of $1.43 billion. Roger Federer has abandoned plans for a boathouse in Rapperswil due to environmental appeals, and Kamala Harris delivered a significant campaign speech to over 75,000 supporters in Washington.
Tages-Anzeiger
United States Dollar UBS AG ESP CHE USA Roger Federer Kamala Harris Donald Trump Sergio Ermotti Show more
Finance & Economy, News Article
17:00 30.10.2024

ubs reports strong profit growth but cautious outlook raises concerns

UBS reported a remarkable 161% year-on-year increase in pre-tax profit for Q3, surpassing analysts' expectations. Despite this success, shares fell due to a cautious outlook for the current quarter, prompting some investors to lock in profits. The bank is on track to meet its ambitious return targets, having already achieved a 9.4% return on capital, and is ahead of schedule in closing unwanted Credit Suisse businesses.
MarketScreener
United States Dollar UBS AG Credit Suisse Anlagestiftung CHE Sergio Ermotti Jon Sindreu
TradFi, Market Report
16:28 30.10.2024

ubs faces integration challenges and capital requirements after credit suisse acquisition

UBS reported a net profit of $1.4 billion in Q3, with strong client inflows of $25 billion, while successfully cutting costs by $0.8 billion. However, the integration of Credit Suisse faces challenges, particularly with data migration in Switzerland set to begin in 2025, and potential capital requirements from the Federal Council could impact competitiveness.
finews.com
United States Dollar UBS AG Credit Suisse Anlagestiftung SGP JPN HKG CHE LUX Sergio Ermotti Show more
TradFi, Market Report
16:22 30.10.2024

ubs reports strong profits but faces investor pressure amid bank consolidation

UBS reported a robust profit of $1.4 billion in the third quarter, aided by the integration of Credit Suisse, which is on track to yield significant cost savings. However, investor expectations remain high, with a projected return on equity below 10% disappointing many, as UBS faces pressure to enhance its competitive edge amid ongoing discussions about banking consolidation in Europe.
boersen-zeitung.de
United States Dollar Commerzbank AG UBS AG Credit Suisse Anlagestiftung UniCredit S.p.A. CHE Sergio Ermotti Show more
TradFi, Market Report
16:14 30.10.2024

ubs reports billion dollar profit but shares decline after brief surge

UBS reported a profit of $1.43 billion in Q3 2024, significantly surpassing expectations, driven by strong performance in wealth management and investment banking. Despite reaching a multi-year high of CHF 29.57, shares fell by 3.7% in early afternoon trading due to profit-taking and ongoing uncertainties in the economic landscape. The bank continues to integrate Credit Suisse and plans to buy back up to $1 billion in shares in 2024, with dividends expected to rise in the mid-teens percentage.
watson.ch
United States Dollar UBS AG SGP JPN USA HKG CHE LUX Sergio Ermotti Show more
TradFi, Market Report
14:32 30.10.2024

ubs reports strong profit and plans share buybacks amid economic uncertainties

UBS plans to continue share buybacks in 2025 and return to pre-CS takeover levels by 2026, with a mid-teens percentage increase in dividends for the 2024 financial year. Despite a strong third-quarter profit of USD 1.43 billion, uncertainties loom due to economic outlooks and geopolitical tensions. CEO Sergio Ermotti aims to lead the integration of Credit Suisse until at least 2026, while the bank navigates ongoing capital requirement discussions.
Finanz und Wirtschaft
United States Dollar UBS Group AG Credit Suisse Anlagestiftung CHE Sergio Ermotti Colm Kelleher
TradFi, Market Report
14:18 30.10.2024

ubs reports strong quarterly profit amid credit suisse integration challenges

UBS reported a surprising profit of USD 1.43 billion for Q3 2024, significantly exceeding analyst expectations. The bank is making strides in integrating Credit Suisse, aiming to save around USD 7.5 billion by the end of 2024, despite facing challenges such as higher capital requirements and a gloomy economic outlook. UBS shares initially surged to a multi-year high but later fell, reflecting market volatility.
MarketScreener
Swiss Franc United States Dollar UBS AG Credit Suisse Anlagestiftung CHE Sergio Ermotti
TradFi, Market Report
14:16 30.10.2024

UBS reports strong third quarter profit amid Credit Suisse integration challenges

UBS reported a third-quarter profit of $1.43 billion, surpassing analyst expectations of $1.03 billion, largely due to cost savings and synergies from the Credit Suisse takeover. However, assets under management fell by 3% to $5.37 trillion, indicating ongoing integration challenges. CEO Sergio Ermotti expressed satisfaction with the progress made during the quarter.
Nau
United States Dollar UBS AG Credit Suisse Anlagestiftung CHE Sergio Ermotti
TradFi, Market Report
13:44 30.10.2024

UBS faces pressure to specialize amid shareholder return expectations

UBS reported a third-quarter profit of $1.4 billion, falling short of shareholder expectations for a 15% return on equity. The bank's current structure, heavily reliant on its capital-intensive Swiss lending business, hampers its ability to meet these targets, prompting management to consider specialization post-Credit Suisse integration.
boersen-zeitung.de
United States Dollar UBS AG CHE Sergio Ermotti Daniel Zulauf
TradFi, Market Report
13:38 30.10.2024

ubs wealth arm reports profit rise and plans us acquisitions

UBS's global wealth management arm reported a pre-tax operating profit of $1.085 billion for Q3 2024, up from $926 million a year prior, driven by higher recurring fees and transaction income. The bank aims to acquire another US wealth management firm post-Integration of Credit Suisse, with ongoing client migrations expected to enhance cost savings by 2025-2026. Overall, UBS posted a total pre-tax profit of $1.929 billion, a significant recovery from a loss of $184 million a year earlier.
familywealthreport.com
United States Dollar UBS AG Credit Suisse Anlagestiftung Morgan Stanley SGP JPN USA HKG CHE LUX Sergio Ermotti Colm Kelleher Show more
TradFi, Market Report
13:36 30.10.2024
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