UBS (UBS) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.52 per share a year ago.
The group's net profit was lower than in the year-earlier period, but higher than analysts had forecast, and the bank warned that the economic path forward was particularly unpredictable.
UBS on Wednesday beat bottom line expectations as the lender seeks to rein in steep share declines that have cost it the crown of continental Europe's largest bank amid sweeping U.S. tariffs.
UBS (UBS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) may be navigating a bumpy patch, but analysts at UBS believe the market is missing the forest for the air fresheners. Following a broadly in-line Q1 update yesterday, shares in the consumer goods group slid 5.7%, a reaction that UBS reckons fails to appreciate the strength of the core business and the longer-term upside.
BT Group PLC (LSE:BT.A) is rated as a ‘sell' at UBS, with the Swiss bank cautious over the sustained pressure the Britain's incumbent telecoms operator is facing from alternative network operators – aka ‘altnets' in the UK broadband market. UBS estimates that Openreach may lose around 800,000 broadband lines in 2025, compared to losses of 707,000 in 2024.
Buy the gold dip, that's the message from analysts at UBS – with the Swiss Bank pointing to the recent pullback as a buying opportunity. It comes after a record high of around $3,168 receded by some $200, despite the volatility around the US tariff announcements.
UBS shareholders on Thursday reelected Chairman Colm Kelleher with 90% of votes, compared to 96% of votes in 2024.
Swiss bank UBS informed unions in Italy on Tuesday of plans to cut 180 jobs, or around a third of the total, in the country, documents reviewed by Reuters showed.
UBS's asset management arm has become the latest European money manager to ditch some exclusions on investments in defence companies as private investors race to enable their funds to finance the region's rearmament drive.
UBS boss Sergio Ermotti was the highest-earning CEO across continental Europe's biggest banks last year. Ermotti was awarded 14.9 million Swiss francs ($16.9 million) in total compensation for 2024, putting him well above the average income for the CEOs at the region's 10 largest lenders, according to calculations by Bloomberg News.
UBS Group said on Monday it has completed the merger of Credit Suisse Service Company entities with UBS Business Solutions in India, as the Swiss lender continues integration efforts following its acquisition of Credit Suisse.