• Net profit attributable to shareholders decreased by 18% to $1.35bn for Q4 21 but clearly above consensus of $863m
• UBS increased litigation provisions by $740m (€650m) for the French cross-border tax matter
• Dividend per share increased from CHF0.37 for FY2020 to $0.50 for FY2021
• Up to $5bn share buy-backs in 2022
• UBS has updated its RoCET1 target of 12-15% to 15-18% and the cost/income range target of 75-78% to 70-73%
01 Feb 2022
Good Q4 burdened by higher French provisions; higher dividend and share buy-backs
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Good Q4 burdened by higher French provisions; higher dividend and share buy-backs
• Net profit attributable to shareholders decreased by 18% to $1.35bn for Q4 21 but clearly above consensus of $863m
• UBS increased litigation provisions by $740m (€650m) for the French cross-border tax matter
• Dividend per share increased from CHF0.37 for FY2020 to $0.50 for FY2021
• Up to $5bn share buy-backs in 2022
• UBS has updated its RoCET1 target of 12-15% to 15-18% and the cost/income range target of 75-78% to 70-73%