UBS Group AG on Wednesday reported a net profit of $1.4 billion for the third quarter of 2024.
Total revenue rose to $12.3 billion, up from $11.7 billion a year earlier, while operating profit before tax reached $1.9 billion. The bank's diluted earnings per share were $0.43, a drop from $1.29 in the previous year, representing a decline of approximately 66%.
"Our performance in the third quarter demonstrates the power of our unique client franchises, global scale and diversified business model ... We continue to significantly mitigate execution risk as we progress on the integration of Credit Suisse while remaining disciplined in driving our cost and efficiency targets," Group CEO Sergio P. Ermotti stated.
