UBS Group AG (UBS)
Citi and UBS raise their gold targets to $3,000 on tariffs, central bank buying and safe-haven demand
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UBS raises gold price target after the yellow metal hits new record
UBS has raised its gold price forecast to a mildly underwhelming $3,000 per ounce, citing rising investor demand, central bank buying, and global uncertainty. This follows the yellow metal hitting a new all-time high of $2,870 per ounce, driven by concerns over tariffs, geopolitical tensions, and expectations of lower interest rates.
UBS Group Q4 Earnings & Revenues Increase Y/Y, Credit Loss Expenses Up
UBS's fourth-quarter results benefit from the strong performances of the Global Wealth Management, Asset Management and Investment Bank divisions.
Tariff escalation could lead to recessions and inflationary pressure, UBS CEO Ermotti says
Sergio Ermotti, CEO of Swiss banking giant UBS, discusses global markets amid rising geopolitical uncertainty.
UBS Group: Regulatory Overhang Dampens Q4 Earnings Beat
UBS Group AG exceeded Q4 expectations with $11.6 billion in revenues and $770 million in net profit. UBS plans to achieve a 15% RoCET1 and cut $5.5 billion in costs by 2026, but buyback plans failed to boost sentiment. The Credit Suisse takeover hasn't significantly increased shareholder value, with UBS facing challenges in client retention and regulatory scrutiny.
UBS Group AG (UBS) Q4 2024 Earnings Conference Call Transcript
UBS Group AG (NYSE:UBS ) Q4 2024 Earnings Conference Call February 4, 2025 3:00 AM ET Company Participants Sarah Mackey - Head, IR Sergio Ermotti - Group CEO Todd Tuckner - Group CFO Conference Call Participants Chris Hallam - Goldman Sachs Anke Reingen - RBC Capital Markets Jeremy Sigee - BNP Paribas Kian Abouhossein - JPMorgan Giulia Miotto - Morgan Stanley Stefan Stalmann - Autonomous Research Andrew Coombs - Citigroup Inc. Amit Goel - Mediobanca Antonio Reale - Bank of America Merrill Lynch Piers Brown - HSBC Operator Ladies and gentlemen, good morning. Welcome to the UBS Full Year 2024 Results Presentation.
UBS CEO: Tariff escalation could lead to recessions
Tariff escalation could lead to “recessions or inflationary pressure,” Sergio Ermotti, CEO of Swiss banking giant UBS told CNBC.
We are growing revenues and gaining market share, UBS CEO says
Sergio Ermotti, CEO of Swiss lender UBS, discusses the bank's performance.
UBS tumbles as $3bn buyback fails to offset underwhelming profit
UBS Group AG tumbled on Tuesday morning as news of a new buyback of up to US$3 billion (£2.4 billion) failed to divert attention from underwhelming profit. Net profit attributable to shareholders sat at US$770 million, which was above a company-polled forecast of US$483 million but off LSEG's estimate of US$886 million.
Tariffs: Markets Don't Price in Inflation Risk, UBS CEO Sergio Ermotti Says
UBS CEO Sergio Ermotti discusses the outlook for the bank, progress on the integration of Credit Suisse, and the potential inflationary impact of trade tariffs as US President Donald Trump turns rhetoric into action. Although “the tariff topic has been somehow already priced in the market,” this doesn't apply to all “negative outcomes,” Ermotti said in an interview with Bloomberg's Francine Lacqua in Zurich.
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.
Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
