Ubs Q4 2024 earnings

The biggest lender in Switzerland UBS On Tuesday, he registered a rhythm of net earnings of the fourth quarter against an estimated consensus of the company in the midst of investment banking, since it launched a share of shares of up to $ 3 billion in 2025.

The Bank reported net profits attributable to shareholders of $ 770 million, compared to an estimate of $ 483 million in an estimate of consensus provided by the company and with an average forecast of $ 886.4 million in a survey of LSE analysts.

Group’s revenues during the period reached $ 11,635 billion, versus the expectations of analysts of $ 11.64 billion in a LSEG Analyst survey.

The bank also announced plans to repurchase $ 1 billion of shares in the first half of 2025, along with up to $ 2 billion during the second half of this year, but warned that this goal is subject to the lender reaching his ” financial objectives and the absence of material and immediate changes in the current capital regime in Switzerland. “

The group also proposes a dividend of $ 0.90 per share for financial year 2024, 29% more year -on -year.

Other outstanding aspects of the fourth quarter include:

• The return of tangible equity reached 3.9%, compared to 7.3% during the third quarter.
• The CET 1 capital ratio, a bank solvency measure, was 14.3%, without changes from the third quarter.

The investment bank shone during the fourth quarter, with underlying income up to 37% year -on -year amid “strong growth” in global banking and global markets. The Group’s Global Heritage Management Division registered a 10% increase in income during the section of the fourth quarter, “largely driven by a higher income of recurrent net rates, a decrease in other negative income and higher income based In transactions “.

After resisting the storm of a turbulent bond backed by the Government with the domestic rival Credit Suisse in 2023, UBS said he was on the way to his integration milestones of 2024 and delivered an additional $ 700 million in gross savings in the fourth quarter. The group hoped to reach $ 7.5 billion of a total of $ 13 billion in cost savings for the end of last year, with the CEO Sergio Ermotti pointing in a Bloomberg interview last month that the dismissals “were”inevitable“As part of the process, even when the group aims to trust voluntary exits.

UBS said Tuesday that he plans to achieve another $ 2.5 billion of gross cost savings this year.

The tightening of the Swiss belt adds to an image of broader expenses discipline and restructuring in the bank sectors of Europe, as the lenders leave a period of high rates of interest and profitability of the claw to maintain the rhythm of the American companions. Monday, fellow swiss bank Julius Baer revealed a Additional objective of 110 million Swiss francs ($ 120 million) in gross savings, while HSBC Last week he said he is preparing to Lower its operations of M&A and capital of capital of capital In Europe, the United Kingdom and the United States

Armed with a balance that exceeded $ 1.7 billion in 2023 – Approximately double Switzerland early economic production Last year: UBS has been fighting vocal concerns at home that his scale has violated the comfort of the Swiss government, depriving the lender of his companions who can absorb him and face Bern with a strong nationalization price label, in Failure case. The questions now persist if UBS will face more capital requirements as a result.

The Swiss economy has already been backed in a fragile corner for depressed annual inflation, only 0.6% in December -And a punitively strong Swiss Franco, who only won more land on Monday when the global tumult resulting from US rates pushed nerve investors towards the insurance asset.