Reported 2 months ago
UBS Group AG reported a net income of $1.1 billion, doubling analyst forecasts for the second quarter, aided by rising investment banking revenues and successful integration of Credit Suisse. With $27 billion in client inflows and an optimistic outlook, CEO Sergio Ermotti is moving forward with plans to repurchase shares, despite upcoming Swiss regulations potentially increasing capital requirements. Analysts remain cautious but note the bank's robust performance and earnings growth.
Source: YAHOO