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UBS Group AG (UBS)
NYSE:UBS
Holding UBS?
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.31Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -1.07%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance and successful integration progress, with significant growth in invested assets and positive employee satisfaction. However, challenges remain in managing operating expenses, pressure on net interest income, and losses in the noncore and legacy segment.Company Guidance
During the UBS Q3 2024 earnings call, CEO Sergio Ermotti provided robust guidance, highlighting a net profit of $1.4 billion and an underlying profit before tax (PBT) of $2.4 billion, demonstrating strong financial performance. The bank achieved a 9% year-on-year increase in underlying revenues, with significant contributions from the Americas and APAC regions. Invested assets grew by 15% year-on-year to $6.2 trillion, reflecting the bank's effective wealth and asset management strategies. UBS maintained a CET1 capital ratio of 14.3%, aligning with guidance and underscoring a strong capital position. Additionally, the bank successfully executed client account migrations in Luxembourg and Hong Kong, with further integrations planned for Singapore and Japan by year-end. UBS also reported significant progress in reducing costs and risk-weighted assets, positioning itself well for future growth and shareholder returns.Strong Financial Performance
Net profit of 1.4 billion and an underlying PBT of 2.4 billion. Year-to-date pretax profit of 7.1 billion with a return on CET1 capital of 9.2%.
Revenue Growth
Total revenues rose by 9% to 11.7 billion, driven by momentum in asset gathering businesses and Investment Bank.
Significant Increase in Invested Assets
Invested assets across the group increased by 15% year-on-year to 6.2 trillion.
Successful Integration Progress
Successful client account migrations in Luxembourg and Hong Kong onto UBS platforms with more planned in Singapore and Japan.
Employee Satisfaction
Positive employee survey results: 84% proud to work for UBS and 83% would recommend UBS as an employer.
Global Wealth Management Growth
GWM delivered 25 billion in net new assets with a total pretax profit increase of 30%.
Investment Bank's Strong Performance
Revenues increased by 29% to 2.5 billion, with global markets posting its best third quarter on record.
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UBS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UBS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $32.82 | $31.35 | -4.48% |
| Aug 14, 2024 | $29.25 | $30.89 | +5.61% |
| May 07, 2024 | $27.60 | $29.54 | +7.03% |
| Feb 06, 2024 | $29.01 | $27.42 | -5.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UBS Group AG (UBS) report earnings?
UBS Group AG (UBS) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is UBS Group AG (UBS) earnings time?
UBS Group AG (UBS) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UBS EPS forecast?
UBS EPS forecast for the fiscal quarter 2024 (Q4) is 0.31.
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