Net profit attributable to shareholders increased by 9% to CHF1.28bn for Q2 18 compared to Q2 17. Total operating income rose by 4% to CHF7.6bn for Q2 18 compared to Q2 17. Net fee and commission income increased by 2% to CHF4.4bn for Q2 18. Trading income (fair value changes) was up by 50% to CHF2.19bn for Q2 18. Interest income declined by 30% to CHF985m in the same period. Loan provisions were a negligible CHF28m for Q2 18 compared to CHF46m in Q2 17. Total operating expenses rose by 2% to
24 Jul 2018
Good Q2 earnings above consensus, but net money outflow
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Good Q2 earnings above consensus, but net money outflow
UBS Group AG (0R3T:LON) | 0 0 0.4% | Mkt Cap: 68,251m
- Published:
24 Jul 2018 -
Author:
Dieter Hein -
Pages:
3
Net profit attributable to shareholders increased by 9% to CHF1.28bn for Q2 18 compared to Q2 17. Total operating income rose by 4% to CHF7.6bn for Q2 18 compared to Q2 17. Net fee and commission income increased by 2% to CHF4.4bn for Q2 18. Trading income (fair value changes) was up by 50% to CHF2.19bn for Q2 18. Interest income declined by 30% to CHF985m in the same period. Loan provisions were a negligible CHF28m for Q2 18 compared to CHF46m in Q2 17. Total operating expenses rose by 2% to