The Swiss banking Div UBS announced a net profit of 770 million dollars in the fourth quarter, launching the purchase program worth a billion dollars in the first half of 2025. Years.
The amount of net profits is compared with the mean forecast of 886.4 million dollars in the LSEG analyst survey and a $ 483 million estimate in a consensus estimate submitted by the company.
The Group’s income in that period reached 11.635 billion dollars, in relation to the expectations of analysts of 11.64 billion dollars in the LSEG analyst survey.
The Bank also published plans for buying billion dollars in the first half of 2025. years, together with an additional $ 2 billion in the second half of this year.
Other prominent events in the fourth quarter are:
The refund on the material capital reached 3.9%, compared to 7.3% in the third quarter.
The capital rate of the CET 1, the measure of the solvency of banks, amounted to 14.3%, unchanged compared to the third quarter.
After overheating a storm of turbulent connecting to Credit Suisse, which was supported by the Government in 2023. years, UBS had a goal to achieve $ 13.5 billion from $ 13 billion by the end of last year. CEO Sergio Ermotti signaled in last month interview for Bloomberg that releases “inevitable” as part of the process – although the group intends to rely on voluntary departures.
The clamping of the belt in Switzerland is contributing to the image of the costs and restructuring in European banking sectors, while lenders come out of high interest rates and profitability to keep pace with colleagues from the United States. On Monday, the Second Switzerland Bank Julius Baer revealed an additional 120 million francs ($ 120 million) in gross savings, while HSBC said to be prepared to turn off its share capital and acquisition operations in Europe, united Kingdom and the USA.
Armed with the balance of the 2023. Year exceeded 1.7 trillion dollars – which is approximately the expected economic production of Switzerland last year – UBS is facing loud concerns of the COOPERY Government, depriving him competitive lenders Absorb, and also faces Bern due to the steep prices of nationalization in the case of failure, banker me.
Switzerlandeconomics has already been brought in a fragile position in low annual inflation – from only 0.6% in December, which was further strengthened by the global uneashed from American customs.
