UBS The shares lost the ground after the lender’s fourth quarter result and a maximum of $ 3 billion stock repurchase plan.
The largest bank in Switzerland on Tuesday is a pure, which is caused by shareholders, compared to the $ 483 million estimates of consensus estimates and an average forecast of $ 886.4 million in Analyts’ LSEG public polls. Reported profits.
The group revenue during the period reached $ 11,635 million, compared to the analysts of $ 11,644 million in LSEG analysts’ opinion polls.
The bank also announced plans to return $ 1 billion in the first half of 2025, and in the latter half of this year we added up to $ 2 billion, but this goal was “achieved financial goals and” achieved financial goals. He warned that he has endured the “finance goal”. There is no material change or immediate change of Switzerland to the current capital system. “
The group has also proposed a dividend of $ 0.90 per 2024 fiscal year, increasing 29 % year -on -year.
UBS shares opened in a positive area, but decreased by 5.57 % at 9:54 am in London time.
German analysts focused on the “solid” fourth quarter, but signaled that the performance of the individual and the corporate banking unit “may have improved the digision mix.” According to UBS, other income was partially offset by a decrease in net interest income.
“I’m balancing a decent result, but it’s probably not as good as at first glance,” said the city analyst, but the welcome cost and dividend beat, but the overall cost and cost income guidance in 2026. Although not changed, net interest income (NII) “Drag is set to continue.”
Includes other highlights in the fourth quarter.
The CET 1 capital ratio, which is a CET 1 capital ratio, which is the scale of Solvencies in the bank, has reached 3.9 % of the tangible stock returns in the third quarter, compared to 7.3 % in the third quarter.
Investment banks shined for the fourth quarter, increasing 37 % year -on -year in the “powerful growth” of global banking and global market performance. The Group’s Global Wels Management division is 10 % of the fourth quarter of the fourth quarter, mainly, “mainly driven by increased net assets, decreasing other negative, and increased transactions.” Recorded the pulling up.
“In the investment bank, it is always very important for us, it is to match the field we want to compete or approach the best class,” said UBS CEO’s Sergio Elmotti on Tuesday.・ I told Los Angeles. “Therefore, if you look at the stock effects and capital market activities, M & A and leverage finance not only increase profits as constructive market conditions, but also gain market share.”
He worked on a bank corewealth management work, saying, “If you consider the return of the risk -related assets of the Wealth Management Business, you have earned some points about the return of risk -related assets.”
In the first quarter, banks have reduced the decrease in NII’s low to the middle single digit of NII by 10 % in the NII in the individual and corporate bank.
Size is important
After weathering the storm of disturbed government support with Credis Swiss, a rival in 2023, UBS is proceeding steadily with the integrated milestone in 2024, another 700 million in the fourth quarter. We have reduced the total cost of dollars. The group hoped to achieve $ 7.5 billion out of a total of $ 13 billion costs by the end of last year. CEO’s Sergio Elmotti is an interview with Bloomberg last month, signaling that redundancy is inevitable as part of the process. This group aims to rely on spontaneous departure.
UBS on Tuesday has said that it is going to reduce the total cost of $ 2.5 billion this year.
The Swiss Belt tightening will be added to the more expensive discipline and reconstructed photos of the European banks in order for the lender to end the high interest rate period and maintain pace with colleagues. Monday, Swiss Bank friends Julias Bear We have revealed the additional goals of 120 million Swiss francs ($ 120 million) in total savings, HSBC Last week, he stated that he was preparing to abolish the operation of M & A and equity capital markets in Europe, UK, and the United States.
In 2023, I was armed with a balance sheet exceeding $ 1.7 trillion -last year, UBS is fighting against voice concerns at home beyond the expected economic output in Switzerland, about twice as Switzerland. 。 If you fail, Bern has a sudden nationalization price tag. Currently, there is a question about whether UBS will be further facing capital requirements.
The Swiss economy has been returned to a fragile horn in a fragile corner with a depressed annual inflation of only 0.6 % in December in December. Safe Haven asset.
“Of course, as you can see in the current environment, continuous tariff discussions have created uncertainty. The market is very sensitive to positive or negative development,” Elmotti warns, and some of the volatility. He emphasized that the price was set in the market.
“Of course, the tariff war, which is an escalation of tariffs, is likely to lead to an economic impact from the perspective of potential economic retreat and inflation pressure, so the central bank stops the easing route and potentially reverses it. It must be a price that is definitely not priced.
