Net profit attributable to shareholders decreased by 60% to CHF827m for Q3 16 compared to Q3 15 and was down by 20% compared to Q2 16. Total operating income declined by 2% to CHF7.0bn for Q3 16 compared to Q3 15. Net fee and commission income decreased by 1% to CHF4.1bn for Q3 16. Trading income was up by 3% to CHF1.1bn for Q3 16. The loan provisions were a negligible CHF4m for Q3 16 compared to CHF28m in Q3 15. Total operating expenses were down by 4% to CHF6.15bn for Q3 16 compared to Q3 1
28 Oct 2016
Slightly better Q3 pre-tax profit yoy but much less tax benefits
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Slightly better Q3 pre-tax profit yoy but much less tax benefits
UBS Group AG (0R3T:LON) | 0 0 0.4% | Mkt Cap: 68,251m
- Published:
28 Oct 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 60% to CHF827m for Q3 16 compared to Q3 15 and was down by 20% compared to Q2 16. Total operating income declined by 2% to CHF7.0bn for Q3 16 compared to Q3 15. Net fee and commission income decreased by 1% to CHF4.1bn for Q3 16. Trading income was up by 3% to CHF1.1bn for Q3 16. The loan provisions were a negligible CHF4m for Q3 16 compared to CHF28m in Q3 15. Total operating expenses were down by 4% to CHF6.15bn for Q3 16 compared to Q3 1