Consequently,
Ubs exceeds expectations second quarter:
UBS published its results for the second quarter this Wednesday. Therefore, superior to market expectations in almost all dimensions. Moreover, The country’s first bank’s net profit reached $ 2.4 billion, compared to 1.14 billion over the same period a year earlier and 2.21 billion expected by financial analysts. Meanwhile, At 12.11 billion, the overall turnover also surpassed forecasts (11.87 billion), as well as the benefit before tax of the Investment Bank Division (557 million, against 539 anticipated). Similarly, At 1.2 billion, that of the wealth management division was revealed below expectations (1.37 billion), although much higher than the figure in the second quarter of 2024 (871 million).
UBS displayed as late June assets under management of $ 6618 billion, against 6153 billion at the end of the first quarter. In wealth management, the bank recorded net capital of 23 billion, a ubs exceeds expectations second quarter figure in accordance with expectations. The first fortune manager in the world also improved its cost-income ratio, from 1.7 percentage points, to 80.5%.
Salle of trade tensions
Even if uncertainty remains at the global level. trade tensions have lowered themselves with the announcement of several agreements between the United States and Japan or the European Union, so that the bank’s customers are more confident, the UBS press release said.
The integration of Credit Suisse continues to move forward. also said the large bank: a third of customer accounts in Switzerland from Credit Suisse have now joined UBS. This process should be finalized by March 2016, notes the Keystone-ATS agency.
Development follows
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ubs exceeds expectations second quarter — Ubs exceeds expectations second quarter: UBS published its results for the second quarter this Wednesday, superior to market expectations in almost all dimensions. The country’s first bank’s net profit reached $ 2.4 ubs exceeds expectations second quarter billion, compared to 1.14 billion over the same peri.
Ubs exceeds expectations second quarter
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