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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| UBS Group AG | NYSE:UBS | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.87 | -3.18% | 26.52 | 27.295 | 26.80 | 27.24 | 2,869,866 | 01:00:00 |
From May 2021 to May 2024
By Cristina Roca
UBS Group AG's net profit for the third quarter rose 9% on year, beating analysts' expectations.
The Swiss bank said Tuesday that net profit for the quarter rose to $2.28 billion from $2.09 billion a year earlier. Analysts had seen net profit at $1.40 billion.
Operating income for the quarter came in at $9.13 billion, up from $8.93 billion last year and ahead of analysts' estimates of $8.51 billion.
UBS said the market and economic backdrop were broadly positive in the quarter despite some uncertainty.
Its CET 1 capital ratio, a measure of capital strength, stood at 14.9% on Sept. 30, compared with 14.5% at the end of the previous quarter.
The bank will present its new strategic plan on Feb. 1, it said.
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
October 26, 2021 01:24 ET (05:24 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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