UBS Group AG reported a net profit of $1.7 billion for the first quarter of 2025, down slightly from the prior quarter but ahead of analyst expectations.
The Swiss bank said operating profit before tax came in at $2.2 billion for the quarter as its diluted earnings per share stood at...
Apple Inc. experienced a 1% decline in year-over-year iPhone sales during February, with the iPhone SE failing to boost consumer purchases, according to UBS analyst David Vogt's Tuesday research note to investors.The company released its budget-friendly iPhone SE 4 on February 19, marking the...
The Court of Justice of the European Union (CJEU) upheld the European Commission's decision to fine several banks for their involvement in a cartel affecting the market for European government bonds (EGBs). While the penalties for Nomura and UniCredit were slightly reduced, the court largely...
UBS Group AG CEO Sergio Ermotti's paycheck for 2024 stood at 14.9 million Swiss francs (approximately $16.8 million), the bank revealed in its latest annual report. In 2023, when Ermotti worked only nine months for UBS, he received 14.4 million.For 2024, the bank's entire Executive Board will...
UBS Group CEO Sergio Ermotti highlighted on Monday the bank's ongoing commitment to China and Hong Kong as pivotal growth markets.Acknowledging the inherent volatility in these regions, Ermotti emphasized that Asia remains a significant factor, calling it an "absolute...
UBS Group AG posted a net profit of $0.8 billion for the fourth quarter of 2024, with a full-year profit of $5.1 billion, the bank announced Wednesday.Operating profit before tax reached $1 billion for the quarter and $6.8 billion for the year. UBS proposed a dividend of $0.90 per share, a...
This week's earnings cycle brings together some of the biggest players across tech, automotive, finance, and pharmaceutical sectors facing groundbreaking challenges set out by United States President Donald Trump's economic shift, as well as China upping the AI race stakes. Tech is...
UBS Group AG CEO Sergio Ermotti stressed on Tuesday that any kind of tariffs, including those planned by United States President Donald Trump, could slow down the decline in interest rates, as they could make inflation stickier.Speaking to CNBC in Davos, Ermotti underlined that "inflation is much...
UBS Group AG is reportedly preparing to resolve Credit Suisse's longstanding tax dispute with the United States Department of Justice, which involves allegations of aiding American clients in tax evasion, sources told The Wall Street Journal on Thursday.An insider revealed that a settlement, potentially...
UBS Group AG CEO Sergio Ermotti told Migros-Magazin in an interview published on Monday that he is against extreme banking regulation, adding that Swiss authorities should steer clear of such rules as they could hurt the country's banking sector."Switzerland can't afford to fall back into a 'model...
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