30.10.2024 07:07:30
|
UBS Turns To Profit In Q3, Beats Market, Despite Weak Net Interest Income
(RTTNews) - Swiss banking major UBS Group AG (UBS) reported Wednesday that its third-quarter net profit attributable to shareholders was $1.43 billion, compared to last year's revised loss of $715 million.
Earnings per share were $0.43, compared to prior year's loss of $0.22 per share.
Analysts on average expected the company to report earnings of $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Operating profit before tax was $1.93 billion, compared to loss of $184 million a year earlier.
Underlying profit before tax was $2.39 billion, compared to $914 million a year ago.
Group operating expenses decreased 12 percent from last year to $10.28 billion, and underlying operating expenses fell 4 percent amid integration and efficiency plans.
Total revenues for the quarter were $12.33 billion, a growth of 5 percent from last year's $11.70 billion.
On an underlying basis, revenues increased 9 percent from the previous year to $11.67 billion, as strong transactional activity and recurring fee income more than offset the expected net interest income headwinds.
Net interest income, meanwhile, declined 15 percent from last year to $1.79 billion.
Looking ahead to the fourth quarter, the company anticipates a mid-single digit decline in net interest income in Global Wealth Management and a low single-digit decline in Personal & Corporate Banking.
Non-core and Legacy is expected to generate a quarterly pre-tax loss in line with earlier guidance.
Further, the Bank said it remains on track to deliver on its ambition of around $100 billion in net new assets or NNA in 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu UBSmehr Nachrichten
12:27 |
SMI-Handel aktuell: SMI am Mittag auf grünem Terrain (finanzen.at) | |
09:30 |
Zuversicht in Zürich: SMI zum Start auf grünem Terrain (finanzen.at) | |
29.01.25 |
Mittwochshandel in Zürich: SMI legt zum Ende des Mittwochshandels zu (finanzen.at) | |
29.01.25 |
Börse Zürich in Grün: SPI zum Ende des Mittwochshandels in der Gewinnzone (finanzen.at) | |
29.01.25 |
Zuversicht in Zürich: SLI zum Handelsende stärker (finanzen.at) | |
29.01.25 |
Gewinne in Zürich: SLI nachmittags auf grünem Terrain (finanzen.at) | |
29.01.25 |
Mittwochshandel in Zürich: SMI steigt nachmittags (finanzen.at) | |
29.01.25 |
Freundlicher Handel in Zürich: SLI zum Start des Mittwochshandels im Aufwind (finanzen.at) |
Analysen zu UBSmehr Analysen
28.01.25 | UBS Overweight | JP Morgan Chase & Co. | |
20.01.25 | UBS Overweight | JP Morgan Chase & Co. | |
13.01.25 | UBS Overweight | JP Morgan Chase & Co. | |
08.01.25 | UBS Hold | Deutsche Bank AG | |
06.01.25 | UBS Outperform | RBC Capital Markets |
Aktien in diesem Artikel
UBS | 10,46 | -0,48% |