UBS beats profit expectations, sets higher targets
UBS (NYSE: UBS) reported better-than-expected quarterly profit and set new higher profitability targets. However, UBS posted a decline in profit as its net profit attributable to shareholders for the fourth quarter was $1.35 billion, compared to $1.64 billion the prior year and $2.28 billion in the earlier quarter. Analysts had estimated the net profit attributable to shareholders of $863 million
By Shubhangi Mathur
Published - Feb 01, 2022, 11:57 PM ET
Last Updated - Apr 16, 2024, 09:02 AM EDT
• UBS posted a net profit attributable to shareholders of $1.35 billion
• The full-year profit of the Swiss bank stands at $7.46 billion
On Tuesday, UBS (NYSE: UBS) reported better-than-expected quarterly profit and set new higher profitability targets.
However, UBS posted a decline in profit as its net profit attributable to shareholders for the fourth quarter was $1.35 billion, compared to $1.64 billion the prior year and $2.28 billion in the earlier quarter. Analysts had estimated the net profit attributable to shareholders of $863 million.
