UBS Q4 Earnings Decline Y/Y on Higher Expenses, Revenues Up
Deutsche Bank AG(DB) Zacks Investment Research·2024-02-08 02:46
UBS Group AG (UBS) reported fourth-quarter 2023 net loss attributable to shareholders of $279 million. It recorded net profit of $1.65 billion in the year-ago quarter.Results were adversely impacted by higher operating expenses, along with a significant rise in credit loss expenses. However, a rise in total revenues, driven in part by the acquisition of Credit Suisse, was a supporting factor.The performance of the Personal & Corporate Banking division was impressive. However, the Asset Management, Non-core ...