UBS brand is seen at the office creating in Krakow, Poland on February 22, 2024.
Jakub Porzycki | Nurphoto | Getty Images
UBS on Tuesday reported a internet revenue of $1.8 billion for the 1st quarter of the calendar year, smashing analyst anticipations.
It is the Swiss banking giant’s first earnings report in the black since it concluded the acquisition of fallen rival Credit score Suisse in June 2023, as it proceeds to bear a mammoth integration task to unite the enterprises.
Decreased bills following the takeover of Credit rating Suisse, served the lender post a internet gain of $1.8 billion in the first quarter, in advance of a consensus forecast in an LSEG poll of $721.4 million.
UBS shares soared 51.7% very last yr but have experienced a much more lackluster commence to 2024, dipping 4.6% so much.
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