UBS profit beats forecast as Credit Suisse merger nears end
Swiss banking giant UBS posted better-than-expected fourth quarter results on Tuesday and confidently predicted its mega-merger with Credit Suisse would be substantially wrapped up by the end of 2026 as planned.
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.
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 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.
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 $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 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 ...
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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, ...
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 ...
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 ...
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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 ...
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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.
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 ...
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UBS Advances CS Integration While Boosting Shareholder Returns
As the Credit Suisse integration progresses, UBS is seeing cost savings materialize and is ahead of schedule in winding down ...