_ubs-bounces-back-with-strong-first-quarter-profit-fueled-by-wealth-management-success.jpg "UBS Bounces Back with Strong First-Quarter Profit, Fueled by Wealth Management Success from hotelcareer suisse Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 180K times
✓ Published: 08-May-2024
👁 View: 180K times
✓ Published: 08-May-2024
Description:
UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.
UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
_hotel-careers-hotelcareer-hoteljobs.webp "Hotel Careers")
_hotelcareer-more-than-just-a-job.webp "Hotel Career")
_hotel-careers-hotelcareer-hoteljobs.webp "Hotel Careers")
_patronatspartner-hotelcareer-by-stepstone.webp "HotellerieSuisse")
_hotel-careers-hotelcareer-hoteljobs.jpg)
_hotelcareer-more-than-just-a-job.jpg)
_hotel-careers-hotelcareer-hoteljobs.jpg)
_patronatspartner-hotelcareer-by-stepstone.jpg)
![[+]](/images/menu.gif){kind=small}