Diamond Member Pelican Press 0 Posted May 7, 2024 Diamond Member Share Posted May 7, 2024 UBS first-quarter earnings 2024 UBS logo is seen at the office building in Krakow, Poland on February 22, 2024. Jakub Porzycki | Nurphoto | Getty Images UBS on Tuesday reported a net profit of $1.8 billion for the first quarter of the year, smashing analyst expectations. It is the Swiss banking giant’s first earnings report in the ****** since it completed the acquisition of fallen rival Credit Suisse in June 2023, as it continues to undergo a mammoth integration project to unite the businesses. Lower expenses following the takeover of Credit Suisse, helped the bank post a net profit of $1.8 billion in the first quarter, ahead of a consensus forecast in an LSEG poll of $721.4 million. UBS shares soared 51.7% last year but have had a more lackluster start to 2024, dipping 4.6% so far. This is a breaking news story and will be updated shortly. This is the hidden content, please Sign In or Sign Up Breaking News: Europe,Earnings,Banks,business news #UBS #firstquarter #earnings This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/27682-ubs-first-quarter-earnings-2024/ Share on other sites More sharing options...
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