Ubs Group ( (UBS) ) has released its Q4 earnings. Here is a breakdown of the information Ubs Group presented to its investors.
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UBS Group AG, a global financial services company, operates across wealth management, personal and corporate banking, asset management, and investment banking sectors, with a significant presence in the financial markets worldwide. Known for its integration capabilities and strategic growth, UBS is a key player in the banking industry.
UBS Group’s fourth quarter of 2024 report highlights a positive turnaround with an operating profit before tax of USD 1,047 million, compared to a loss in the same quarter of the previous year. The increase in total revenues and reductions in operating expenses contributed to this performance, despite higher credit loss expenses.
Key financial metrics for UBS in Q4 2024 include an increase in total revenues by 7% to USD 11,635 million and a significant reduction in operating expenses by 10% to USD 10,359 million. The successful integration of Credit Suisse has been highlighted, with a notable reduction in risk-weighted assets and significant cost savings achieved. The strategic sale of Swisscard and the continued focus on efficiency and profitability underscore UBS’s forward-looking strategies.
Looking ahead, UBS management maintains its strategic targets, aiming for an underlying return on common equity tier 1 capital of around 15% and a cost/income ratio of less than 70% by 2026. The company plans further share repurchases and a progressive dividend policy, reflecting a robust outlook and commitment to shareholder value enhancement.
