Net profit attributable to shareholders decreased by 14% to CHF1.03bn for Q2 16 compared to Q2 15 and was up by 46% compared to Q1 16. Total operating income declined by 5% to CHF7.4bn for Q2 16 compared to Q2 15. Net fee and commission income decreased by 7% to CHF4.1bn for Q2 16. Trading income was up by 15% to CHF1.9bn for Q2 16. The loan provisions were a negligible CHF7m for Q2 16 compared to CHF13m in Q2 15. Total operating expenses were down by 2% to CHF5.9bn in Q2 16. Pre-tax profit d
29 Jul 2016
Solid Q2 figures are strong compared to peers
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Solid Q2 figures are strong compared to peers
UBS Group AG (0R3T:LON) | 0 0 0.4% | Mkt Cap: 68,251m
- Published:
29 Jul 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders decreased by 14% to CHF1.03bn for Q2 16 compared to Q2 15 and was up by 46% compared to Q1 16. Total operating income declined by 5% to CHF7.4bn for Q2 16 compared to Q2 15. Net fee and commission income decreased by 7% to CHF4.1bn for Q2 16. Trading income was up by 15% to CHF1.9bn for Q2 16. The loan provisions were a negligible CHF7m for Q2 16 compared to CHF13m in Q2 15. Total operating expenses were down by 2% to CHF5.9bn in Q2 16. Pre-tax profit d