_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 korea development bank singapore branch 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
Related Videos
_future-resilient-banking-we-check-out-our-latest-bank-branch-124-in-the-moment-episode-16.webp "DBS")
⏲ 3 minutes 17 seconds 👁 48.3K
_midlands-rail-passengers-brace-for-week-of-disruption-amid-aslef-strikes.webp "Passengers in the West Midlands are set for a week of disruption as train drivers union Aslef stages a series of one-day strikes. Starting from Monday's bank holiday, rail operators are warning of major disruptions with no services expected on Wednesday from West Midlands Trains, CrossCountry, Chiltern Railways, or Avanti West Coast.")
_bank-to-the-future.webp "DBS")
_asian-development-bank39s-latest-report-projects-1-3-growth-for-s-korea-in-2023.webp "Arirang News")
_dbs-singapore-the-future-of-banking-is-digital.webp "Microsoft Asia")
_webinar-forcs-how-asia-banks-compete-l-bank-branch-transformation.webp "FORCS")
_oswestry-town-crier-proclamation-for-the-first-anniversary-of-the-coronation-of-king-charles-ii-and-queen-camilla.webp "Oswestry Town Crier Phil Brown - Proclamation for the First Anniversary of the Coronation of King Charles II and Queen Camilla on Bank Holiday Monday.")
⏲ 1:57 👁 835K
_must-have-iphone-15-accessories.webp "The iPhone 15 and 15 Pro launch is one of the most exciting updates of the series in years. To make the most of it's best new features, we’re sharing some must-have accessories, including chargers, game controllers and power banks.")
_future-resilient-banking-we-check-out-our-latest-bank-branch-124-in-the-moment-episode-16.jpg)
_midlands-rail-passengers-brace-for-week-of-disruption-amid-aslef-strikes.jpg)
_bank-to-the-future.jpg)
_asian-development-bank39s-latest-report-projects-1-3-growth-for-s-korea-in-2023.jpg)
_dbs-singapore-the-future-of-banking-is-digital.jpg)
_webinar-forcs-how-asia-banks-compete-l-bank-branch-transformation.jpg)
_oswestry-town-crier-proclamation-for-the-first-anniversary-of-the-coronation-of-king-charles-ii-and-queen-camilla.jpg)
_must-have-iphone-15-accessories.jpg)
![[+]](/images/menu.gif){kind=small}