UBS second-quarter net profit dips as Swiss business dampens trading bonanza

📆 21.07.2020 12:20:00
📰 Reuters

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

UBS , the world's largest wealth manager, saw net profit drop 11% in the second quarter as higher trading activity failed to offset a pandemic-induced slump in retail and corporate banking.

), the world’s largest wealth manager, saw net profit drop 11% in the second quarter as higher trading activity failed to offset a pandemic-induced slump in retail and corporate banking.

The decline in net profit to $1.23 billion beat analyst expectations for earnings of $973 million in the bank’s own consensus summary of 21 analysts. In the first quarter, trading activity amongst UBS’s wealthy clients had more than offset the risk of increased defaults, helping the bank to a 40% net profit rise.

Написать комментарий

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

IBM earnings beat estimates on cloud strength; shares up 6%International Business Machines Corp posted second-quarter revenue and profit that beat analysts' estimates on Monday, riding on the strength of its high-margin cloud computing business, sending its shares up 6%. 😮 Who wudda thunk IBM....IBM.... Impervious to a nasty Virus....?
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »