Stock Market Today: Dow Futures Waver, UBS Posts a Loss

UBS posted a sizable net loss in its first full quarter combined with Credit Suisse, but said wealthy customers are flocking to the bank with new investments and deposits. The $785 million net loss for the quarter was higher than some analysts were expecting, and reflected the jump in costs from the two banks combining. UBS shares rose about 3% in morning trading in Zurich, keeping them well above the pre-Credit Suisse takeover level from March.

Costs of $11.6 billion, nearly double the $5.9 billion at UBS alone in third-quarter 2022. Putting together the two global banks pushed up costs across UBS, including to pay departing staff and retain some of those staying. Here are some cost highlights: Integration costs were $2 billion of the total $11.6 billion. Integration-related personnel expenses for severance and to support retention were around $1 billion. Higher salaries and variable compensation added around $2.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Stock market today: Wall Street closes its best week of the year with even more gainsAsian shares have advanced following Wall Street gains last week that were buoyed by hopes for early interest rate cuts. South Korea's Kospi jumped more than 4% after the government restored a ban on short-selling that had been lifted since May 2021. Japan's benchmark was up 2.4%.
منبع: AP - 🏆 728. / 51 ادامه مطلب »

Stock Market Today: Stocks extend run as markets see Fed rate cuts on the horizionStocks will enter this week much as they ended last, with investors looking for Fed rate cuts amid a modestly slowing economy and a cooling labor market.
منبع: startelegram - 🏆 248. / 63 ادامه مطلب »

Stock Market News Today: Dow, S&P 500 Slip; Tesla, WeWork Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
منبع: WSJ - 🏆 98. / 63 ادامه مطلب »

Stock Market Today: Dow ends higher, but rising Treasury yields keep lid on gainsStock Market Today: Dow ends higher, but rising Treasury yields keep lid on gains
منبع: Investingcom - 🏆 450. / 53 ادامه مطلب »

‘Stock-market correction is over’ after broad surge amid ‘epic’ market ralliesYardeni Research breaks out winning sectors in the S&P 500’s surge last week
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »