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• Revenues were up by 42% to $11.7bn for Q3 23 compared to Q3 22 • Net result attributable to shareholders switched from a profit of $1.7bn in Q3 22 to a loss of $785m for Q3 23 • Net new money (NNM) inflow was $21bn for Q3 23 compared to $35bn for Q3 22
Companies: UBS Group AG
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• Revenues were up by 7% to $9.5bn before the badwill effect for Q2 23 compared to Q2 22 • UBS realised a badwill (or negative goodwill or lucky buy) of $28.9bn from the CS acquisition in Q2 23 • Credit Suisse Switzerland will be fully integrated into UBS in 2024 • UBS aims now to achieve a gross exit-rate cost saving greater than $10bn by end-2026 • UBS progresses towards a 2026 exit-rate return on CET1 capital of around 15%
• Revenues were down by 7% to $8.7bn for Q1 23 compared to Q1 22 • UBS booked a litigation provision of $665m in Q1 23 for a 15 years old US RMBS matter • Net profit attributable to shareholders decreased by 52% to $1.03bn in Q1 23 • RoCET 1 was 9.1% for Q1 23 and below the 15-18% target range • Net new money (NNM) inflow was $42bn for Q1 23 compared to $34bn for Q1 22
• The Swiss government and regulators partly ousted the shareholders and AT1 bondholders via an emergency law on Sunday • UBS will take over Credit Suisse. CS shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held • UBS benefits from CHF25bn of downside protection. CS’s Additional Tier 1 Capital of approximately CHF16bn will be written down to zero • UBS is committed to a progressive cash dividend but has temporarily suspended share repurchases • Cost reductions of m
• Net profit attributable to shareholders increased by 23% to $1.65bn in Q4 22, 29% above consensus • Revenues decreased by 8% and total operating expenses by 13% for Q4 22 • Dividend per share increased from CHF0.50 for FY2021 to $0.55 for FY2022 • UBS repurchased $5.6bn of shares in 2022 and expects to repurchase more than $5bn in 2023
• Net profit attributable to shareholders decreased by 24% to $1.7bn in Q3 22 • Net new money (NNM) inflow was $35bn for Q3 22 • UBS repurchased $1.0bn of shares in Q3 22 and $4.3bn in the first 9 months of the year, and expects to repurchase approximately $5.5bn of shares during FY2022
• Net profit attributable to shareholders increased by 5% to $2.1bn in Q2 22 • Q2 22 figures included a disposal gain of $848m from the sale of a Japanese real estate joint venture • Invested assets (AuM) declined by 15% to $3.9tn in H1 22 • RoCET 1 was 18.9% for Q2/H1 22 and above the 15-18% target range
• Revenues were up by 8% to $9.4bn for Q1 22 compared to Q1 21 • Net profit attributable to shareholders increased by 17% to $2.13bn in Q1 22 • RoCET 1 was 19.0% for Q1 22 and above the 15-18% target range • Net new money (NNM) inflow was $34bn for Q1 22 compared to $62.4bn for Q1 21
• 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%
• Net profit attributable to shareholders increased by 9% to $2.3bn • Credit loss expenses switched from $89m for Q3 20 to an income of $14m for Q3 21 • The net profit of $6.1bn for 9M 21 is clearly ahead of our FY2021 forecast
• Net profit attributable to shareholders increased by 63% to $2.0bn for Q2 21 • Credit loss expenses switched from $272m for Q2 20 to an income of $80m for Q2 21 • Invested assets (AuM) rose by 7% to $4.85tn in H1 21 • Strong performance across all business segments in Q2 21
Net profit attributable to shareholders increased by 122% to $1.7bn for Q4 20 clearly above consensus UBS switched its payout focus from dividend to share buy-backs Dividend per share decreased from CHF0.73 to CHF0.37 for FY2020, new three-year share buy-back programme (2021-23) of up to CHF4bn compared to CHF2bn before A decision at the French tax fraud case is now expected in H1 21
• Net profit attributable to shareholders increased by 99% to $2.1bn • Disposal gains of $631m due to the majority stake sale in Fondcenter • Credit loss expenses increased from $38m for Q3 19 to $89m for Q3 20 but were significantly below Q2 20’s level of $272m • The net profit of $4.9bn for 9M 20 is clearly ahead of our FY2020 forecast
• Net profit attributable to shareholders increased by 40% to $1.6bn • Credit loss expenses increased from $20m for Q1 19 to $268m for Q1 20 • Net new money inflow was excellent $45bn for Q1 20 • Q1 20 net profit is ahead of our FY2020 forecast
• Q4 net profit somewhat above consensus expectations • Dividend per share increased from CHF0.70 to CHF0.73 for FY2019 • UBS downgraded its RoCET1 target from 15% for 2019 and 17% for 2021 (ambition) to 12-15% for 2020 to 2022 • Majority stake sale of Fondcenter leads to a nice disposal gain of $600m after tax in 2020
Research Tree provides access to ongoing research coverage, media content and regulatory news on UBS Group AG. We currently have 42 research reports from 4 professional analysts.
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