UBS Group AG ( (CH:UBSG) ) has issued an announcement.
On March 17, 2025, UBS Group AG released its audited standalone financial statements for the year ending December 31, 2024. The report highlights a net profit of USD 2,994 million, a decrease from the previous year’s USD 6,660 million, primarily due to the write-off of additional tier 1 instruments issued by Credit Suisse Group AG. The financial statements also reflect the impact of the merger between UBS AG and Credit Suisse AG on May 31, 2024. The company’s total assets decreased slightly, and the equity attributable to shareholders fell to USD 64,478 million. This financial performance indicates a challenging year for UBS, with significant implications for its stakeholders and market positioning.
More about UBS Group AG
UBS Group AG is a Swiss multinational investment bank and financial services company headquartered in Zurich, Switzerland. It operates under the Swiss Code of Obligations as a corporation limited by shares and is the ultimate holding company of the UBS Group. The company provides a range of financial services, including investment banking, asset management, and wealth management, and is a significant player in the global financial markets.
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Technical Sentiment Consensus Rating: Sell
Current Market Cap: $104.2B
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