UBS reports 63% jump in net profit to $2 billion, helped by 'favorable' market conditions

This is up from $1.23 billion reported for the same period last year, and significantly above analysts expectations of $1.34 billion, according to Refinitiv data.

In its earnings report, UBS attributed the success to "favorable market conditions and investor sentiment," along with "continued momentum in flows and volume growth."Return on tangible equity stood at 15.4%, versus 9.7% a year ago."Momentum is on our side and our strategic choices and initiatives are paying off. And we are eager to make the most of the future," UBS CEO Ralph Hamers said in a statement.

DanJFriedman UBSArena maybe you can give us some free beers on opening night? 😘

islanders playoff run definitely helped

good

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Trump’s Business Hauled In $2.4 Billion During Four Years He Served As PresidentForbes estimates the pandemic helped wipe about $200 million off Trump’s top line last year. Courruption on steroids A thief knows how. Barack_McBush A very profitable 4 years then. No wonder he disputed the election results... He wanted to double the amount. 😡
La source: Forbes - 🏆 394. / 53 Lire la suite »

Robinhood is seeking a market valuation as high as $35 billion in upcoming IPORobinhood is seeking a market valuation of as much as $35 billion in its upcoming initial public offering, according to an amended SEC filing. 😳😳😳 shady af. that’s a “don’t buy” as cramer would say. Looks like they should seek out a company barber who won’t make them all look like Steve Perry telling me to don’t stop believin’.
La source: CNBC - 🏆 12. / 72 Lire la suite »