News Formal

UBS profits drop 27% in first quarter on 'challenging market conditions'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

UBS earnings: $1.1 billion for Q1 net profit, vs $848 million expected

div > div.group > p:first-child"> Net income for the first quarter came in at $1.1 billion, versus $848 million expected in a Reuters poll of analysts.

At the end of 2018, the UBS noted some outflows in its wealth management division, which dented its performance. At the time, UBS also announced the aim to purchase $1 billion of its shares in 2019. This is after having had repurchased $751 million shares in 2018. Media reports have suggested this week that UBS is in talks with the asset management division of Deutsche Bank about a potential merger.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Is that good?

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

UBS, Deutsche Bank in asset management merger talks: FTThe asset management arms of Deutsche Bank AG and Swiss bank UBS Group AG are in... So with a potential bidding war for DWS - what will Deutsche Bank do with the cash ? Buy back 40% of their own shares ?
Källa: Reuters - 🏆 2. / 97 Läs mer »