_ubs-bounces-back-with-strong-first-quarter-profit-fueled-by-wealth-management-success.jpg "UBS Bounces Back with Strong First-Quarter Profit, Fueled by Wealth Management Success from india credit Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 180K times
✓ Published: 08-May-2024
👁 View: 180K times
✓ Published: 08-May-2024
Description:
UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.
UBS reported a return to profit in the first-quarter after losses in the previous two quarters, beating analyst estimates. Profits were boosted by higher revenues in its flagship wealth management division, which rose 28%. Expenses fell and consolidation benefits from the Credit Suisse takeover in June 2023 contributed to the $1.8 billion net profit. UBS expects to complete merging its US entities with Credit Suisse in the second quarter and Swiss entities in the third quarter. CEO Sergio Ermotti said integration progress was good, and the bank had returned to profitability and underlying strength.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_indias-banking-amp-credit-revolution.webp "Equifax")
_brendan-fraser-credits-matt-damon-for-helping-him-land-his-big-hollywood-break.webp "Brendan Fraser may have only just hit the top of his career with his critically acclaimed role in \")
_why-we-are-buying-more-amp-more-on-credit-india39s-credit-addiction-124-akshat-shrivastava.webp "Akshat Shrivastava")
⏲ 20 minutes 38 seconds 👁 255.7K
_how-ocen-is-changing-india39s-credit-landscape.webp "Zee Business")
_the-next-big-thing-ocen-124-financial-disruption-in-india39s-credit-124-upi-ondc-124-digital-stack-124-upsc.webp "StudyIQ IAS")
The Next Big Thing - OCEN | Financial Disruption in India's Credit | UPI ONDC | Digital Stack | UPSC
⏲ 10 minutes 42 seconds 👁 69.2K
_indias-credit-card-spends-at-record-highs-124-credit-card-market-in-india.webp "Yadnya Investment Academy")
⏲ 5 minutes 52 seconds 👁 3.6K
_small-business39s-and-households-in-wa-receive-36400-power-bill-credit.webp "The state government's spent the day spruiking its budget, headlined by a 400-dollar power bill credit for households and small business.")
_best-credit-cards-for-airport-lounges-in-india-in-2024.webp "Card Academy")
Related Video Searches
Back to Search
Search Videos
Recent Searches
×
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
_indias-banking-amp-credit-revolution.jpg)
_brendan-fraser-credits-matt-damon-for-helping-him-land-his-big-hollywood-break.jpg)
_why-we-are-buying-more-amp-more-on-credit-india39s-credit-addiction-124-akshat-shrivastava.jpg)
_how-ocen-is-changing-india39s-credit-landscape.jpg)
_the-next-big-thing-ocen-124-financial-disruption-in-india39s-credit-124-upi-ondc-124-digital-stack-124-upsc.jpg)
_indias-credit-card-spends-at-record-highs-124-credit-card-market-in-india.jpg)
_small-business39s-and-households-in-wa-receive-36400-power-bill-credit.jpg)
_best-credit-cards-for-airport-lounges-in-india-in-2024.jpg)
❮❯
1 / 10
2 / 10
Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
3 / 10
4 / 10
5 / 10
6 / 10
7 / 10
8 / 10
9 / 10
10 / 10
![[+]](/images/menu.gif){kind=small}