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UBS said on Monday that Credit Suisse Services will pay $511 million after reaching an agreement with the U.S. Department of Justice for its implementation of its 2014 guilty plea in tax matters.
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UBS's first-quarter 2025 results reflect strong performances of the Global Wealth Management, Asset Management and Investment Bank divisions.
UBS Group AG (NYSE:UBS ) Q1 2025 Earnings Conference Call April 30, 2025 3:00 AM ET Company Participants Sarah Mackey - Head of Investor Relations Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Conference Call Participants Jeremy Sigee - Exane BNP Paribas Giulia Miotto - Morgan Stanley Kian Abouhossein - JPMorgan Stefan Stalmann - Autonomous Benjamin Goy - Deutsche Bank Amit Goel - Mediobanca Andrew Coombs - Citi Chris Hallam - Goldman Sachs Piers Brown - HSBC Operator Ladies and gentlemen, good morning. Welcome to the UBS First Quarter 2025 Results.
UBS (UBS) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.52 per share a year ago.
Swiss bank UBS had an "okay-ish" start to the second quarter due partly to market volatility induced by U.S. tariffs, but if increased uncertainty persists it "will have an impact on our activity levels with our clients," UBS Chief Financial Officer Todd Tuckner told reporters on Wednesday.
UBS CEO Sergio Ermotti discusses the possibility of receiving additional capital requirements from Swiss regulators, following the bank's takeover of collapsed peer Credit Suisse.
UBS scores a Q1 beat with a better-than-expected net profit of $1.7bn on strong wealth management income. We hear from CEO Sergio Ermotti.
UBS CEO Sergio Ermotti discusses the lender's performance in the first quarter as net income for the three months to March came in at $1.7 billion, beating estimates. Speaking to Bloomberg's Tom Mackenzie, Ermotti also talks about clients' response to ongoing volatility spurred by geopolitical factors such as trade and tariffs, as well as the lender's plans in the US.
The group's net profit was lower than in the year-earlier period, but higher than analysts had forecast, and the bank warned that the economic path forward was particularly unpredictable.