Switzerland's Biggest Bank, UBS, Smashes Profit Forecasts — $1 Billion In Quarterly Profits

Earnings

Switzerland's Biggest Bank, UBS, Smashes Profit Forecasts — $1 Billion In Quarterly Profits

Switzerland's Biggest Bank, UBS, Smashes Profit Forecasts — $1 Billion In Quarterly Profits 🏆

Here are the key takeaways from their latest Q4 results:

• Total Revenue: $11.64B vs $11.43B exp

• Net Income: $770M vs $485.7M exp

• Pre-Tax Profit: $1.05B vs $975.3M exp

• Global Wealth Management Revenue: $6.12B (+$18B New Assets)

• Personal & Corporate Banking Revenue: $2,25B

• Asset Management Revenue: $0.77B (+$33B New Assets)

• Investment Bank Revenue: $2.7B

• CET1 Ratio: 14.3%

• Forecasted Share Buybacks 2025: $3B

CEO Sergio P. Ermotti said:

"Our strong full-year performance reflects our unwavering commitment to serving our clients, the strength of our diversified global franchise and the progress we have made on the integration.

Throughout 2024, we maintained robust momentum as we captured growth in Global Wealth and Asset Management and gained market share in the Investment Bank in the areas where we have made strategic investments."

The Swiss banking giant shares' are down on the day but up +26% over the past 6 months.