Friday , April 23 2021

UBS: Fourth quartet disappointed

After a weak fourth quarter in 2018, however, UBS achieved a general better result for the year. Lending was, in particular, recently the investment bank.

UBS returned a profit of $ 696 million in the fourth fourth of 2018. This is a little more than half of the previous fourth, as UBS announced on Tuesday. The bad branding in the last part of a year puts pressure on the overall result. UBS delivers $ 4.9 billion in annual non-revenue, so a year-over-year $ 969 million profit is due to city writers & # 39; fourth fourth.

Saved in the last quarter of the year, appearances of the "investment bank" were a $ 47 million loss. This result is below the estimates of the analysts who expected a profit. In particular, in the source trade, UBS waited with a 13 percent reduction in sales with a negative surprise.

Global Wealth Management with Higher Profits

Global Wealth Management posted a last better result in the last quarter; Capacity was raised from $ 2 million to $ 793 million. For the full year, Global Wealth Management increased professional profit for $ 3.99 billion from $ 3.57 billion in 2017.

UBS CEO Sergio Ermotti said in a media version of a regular performance. "In the past, the strength of our strategic direction and our diversified business has emerged in the fourth quarter," said Mr. Ermotti.

Poor new money filling

However, UBS needs to find some in global global management. Over the year, the bank received some $ 24.7 billion in new fees, in the last year it was the bottom line of $ 7.9 billion. The armours saw responsibility under management of loss in the fourth quarter in both global management and asset management.

UBS wants to pay its actors a dividend of 70 centimeters for 2018, an increase of 8 percent. At the same time, UBS has announced plans to buy $ 1 billion in 2019. In 2018, the bank bought shares for 750 million francs. In & # 39; a perspective, UBS has & # 39; a high point, that you keep against it: the investment voice remained depressed. But UBS is well-positioned to invest in globalizing growth.

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