UBS Plans $3 Billion Buyback as Investment Bank Drives Beat
UBS Group AG said it aims to buy back up to $3 billion of its own shares this year, with Chief Executive Officer Sergio Ermotti returning more cash to investors amid progress in integrating Credit Suisse.
UBS Turns To Profit In Q4; Lifts Dividend, Plans Up To $3 Bln Share Buyback
Swiss banking major UBS Group AG (UBS) reported Tuesday a profit in its fourth quarter, compared to prior year's loss, benefited by
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing forecasts. Read more at The Business Times.
US And China Impose Tariffs, UBS Plans $3 Billion Buyback, More
Bloomberg News Now is a comprehensive audio report on today's top stories. Listen for the latest news, whenever you want it, covering global business stories around the world.
UBS exceeds expectations with US$770mil Q4 net profit
ZURICH: UBS Group, Switzerland's largest bank, on Tuesday posted net profit of $770 million for the fourth quarter of 2024, trouncing forecasts.
UBS trounces profit forecasts, $3 billion share buyback conditional on capital rules
UBS Group posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to $3 billion in shares this year if there were no major changes to bank capital rules in Switzerland in the near term.
UBS plans $3bn share buyback on stronger than expected results
UBS blew past expectations during the fourth quarter with $770mn in net profit, boosted by a strong performance at its investment bank, and announced $3bn in share buybacks on Tuesday. Quarterly profit was significantly higher than analysts’ forecasts of $483mn,
UBS Aims to Boost Buybacks as Net Profit Beats Expectations
The group plans to repurchase $1 billion of its stock in the first half and buy back up to an additional $2 billion in the second.
Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025. The net profit figure compares with a mean forecast of $886.
Higher capital requirements for UBS will raise costs for others, CEO says
Imposing higher capital requirements on UBS as a systemically relevant bank will usher in higher costs for companies and ...
UBS2h
UBS's fourth-quarter and full-year 2024 results
UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share and continuation of share repurchases; continuing to invest for long-term growth ...
UBS's Capital Return Plans, Integration Progress in Focus -- Earnings Preview
NET PROFIT FORECAST: UBS's quarterly net profit is forecast to be at $483 million, according to the consensus. The bank reported a net loss of $279 million for the year-earlier period, hit by around ...
blockonomi20h
Swiss Banking Giant UBS Pilots Tokenized Gold on ZKsync Platform
Switzerland's largest bank UBS is testing a digital gold trading system called UBS Key4 Gold on Ethereum's ZKsync Layer-2 ...
UBS chief economist discusses Trump's tariffs on Mexico, Canada and China
Paul Donovan, chief economist at UBS Global Wealth Management, discusses the impact that U.S. President Donald Trump's ...
UBS Wealth reiterated its 6,600 target for S&P 500. 'Tariffs unlikely to be sustained.'
Many observers don't think the tariffs will last very long. "Tariffs on Canada and Mexico are unlikely to be sustained, U.S. economic growth should represent a tailwind for stocks, and we continue to ...
UBS cuts PK stock EBITDA outlook on Hawaii, NYC challenges
UBS expressed concerns over the financial outlook for lodging companies, particularly citing issues in Hawaii and New York City that could impact earnings before interest, taxes, depreciation, and ...
National Hockey League2d
UBS Postgame Photos: Islanders 3, Lightning 2 OT
Snapshots from the New York Islanders 3-2 win against the Tampa Bay Lightning on Saturday, Feb. 1, 2025. Photos by Mark LoMoglio/NHLI via ...