UBS trounces profit forecasts, $3 billion share buyback conditional on capital rules
UBS Group posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to $3 billion in shares this year if there were no major changes to bank capital rules in Switzerland in the near term.
UBS Aims to Boost Buybacks as Net Profit Beats Expectations
The group said net profit for the quarter was $770 million compared with a loss of $279 million in the year-earlier period, when its results were hit by costs related to the integration of Credit Suisse.
Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, compared with a mean forecast of $886.4 million in a LSEG poll of analysts and with a $483 million estimate in a company-provided estimate.
UBS Plans $3 Billion Buyback as Investment Bank Drives Beat
UBS Group AG said it aims to buy back up to $3 billion of its own shares this year, with Chief Executive Officer Sergio Ermotti returning more cash to investors amid progress in integrating Credit Suisse.
UBS quarterly profit smashes expectations, $3 billion buyback unveiled
UBS Group, Switzerland's largest bank, on Tuesday posted net income of $770 million for the fourth quarter of 2024, trouncing forecasts. The net profit attributable to shareholders compared with an average estimate of $483 million in a company-provided poll of analysts.
UBS plans $3bn share buyback on stronger than expected results
UBS blew past expectations during the fourth quarter with $770mn in net profit, boosted by a strong performance at its investment bank, and announced $3bn in share buybacks on Tuesday. Quarterly profit was significantly higher than analysts’ forecasts of $483mn,
UBS says Credit Suisse integration to practically complete next year
UBS, Switzerland's largest bank, announced Tuesday it is on schedule with its 2024 targets for integrating Credit Suisse. The ...
sharewise1h
UBS Stock: Q4 Profit Soars with Credit Suisse Integration
UBS has demonstrated remarkable financial resilience in the fourth quarter of 2024, posting a net profit of $770 million, ...
finews3h
UBS Posts $5.1 Billion Profit as Credit Suisse Integration Accelerates
The Swiss banking giant closed 2024 with strong earnings, driven by asset inflows and investment banking gains. The Credit ...
JPMorgan in Talks to Rent Credit Suisse’s Former Canary Wharf HQ
JPMorgan Chase & Co. is in negotiations to lease space at the Canary Wharf office that once housed Credit Suisse’s UK ...
JPMorgan eyes space at former Credit Suisse tower in Canary Wharf, source says
JPMorgan is in talks to take overflow office space in Credit Suisse's empty former offices in Canary Wharf, a source familiar ...
Swissinfo1d
Credit Suisse fines from Mozambique scandal to fund victims’ compensation
The fines imposed on Credit Suisse for the Mozambique scandal will be allocated to a fund for the victims, amounting to $105.5 million.
New York Post28d
Credit Suisse hid Nazi bank accounts under ‘American blacklist’ file to evade investigators: report
Swiss bankers sought to cover up the extent to which they helped the Nazis store looted assets during World War II by placing their account information under a secret file with the stamp ...
Wall Street Journal29d
Exclusive: Nazi Ties to Credit Suisse Ran Deeper Than Known
Investigators found Credit Suisse withheld crucial information from panels in the 1990s. (Curtis Ackerman/Gamma-Rapho/Getty Images) A cache of client files stamped “American blacklist,” a ...
Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) Shares Sold by PFG Investments LLC
PFG Investments LLC lowered its stake in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Free Report) by 79.6% during the 4th quarter, according to the company in its most ...