UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse. The net income attributable to shareholders for Switzerland’s largest bank was better than a company-provided consensus estimate of $602 million and compares with a profit of $1 billion in the same period a year earlier.

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Reuters

United Kingdom

UBS smashes estimates with first profit since Credit Suisse takeover

UBS on Tuesday reported net income for January-March that was nearly triple estimates as the bank logged its first quarterly profit since taking over fallen rival Credit Suisse.

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By Hanna Ziady, CNN London (CNN) — UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. Shares in the Swiss lender surged 10% in Zurich Tuesday after it posted net profit of $1.8 billion for the first three months of 2024 — a 71% increase from a year ago. Combined losses for the June-to-December 2023 peri…

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News-Press & Gazette Company

Colorado Springs

El Paso County

Colorado

United States

UBS makes first profit since Credit Suisse rescue

It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.

CNBC

Roberts family

UBS swings back to profit and smashes earnings expectations for the first quarter

It also reported US$27 billion in net new assets for Q1, compared to US$22 billion for the three months prior. Read more at straitstimes.com.

The Straits Times

Singapore Press Holdings

Singapore

ZURICH, Switzerland — Swiss banking giant UBS on Tuesday said first-quarter net profit rose 71 percent to nearly $1.8 billion, far exceeding expectations, after two quarters in the red due to the mammoth takeover of Credit Suisse. Switzerland’s biggest bank said its turnover increased by 46 percent to $12.7 billion, largely thanks to its investment

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Manila

Metro Manila

Philippines

UBS back in profit after Credit Suisse takeover losses

Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far exceeding expectations, after two quarters in the red due to the mammoth takeover of Credit…

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Government of France

France

By Noele  Illien ZURICH (Reuters) -UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse. The net income attributable to shareholders for Switzerland’s largest bank was better than a company-provided consensus estimate of $602 million and compares with a profit of $1 billion in the same period a year earlier. UBS also said on Tuesday that it had achieved an additional …

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Midwest Communications

UBS reports first profit since taking over Credit Suisse

After two losing quarters, Grossbank earned $1.76 billion between January and March.

Nach zwei verlustreichen Quartalen verdiente die Grossbank zwischen Januar und März 1.76 Milliarden US-Dollar.

Zurück in den Schwarzen Zahlen - UBS schreibt Milliardengewinn im ersten Quartal

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Swiss Broadcasting Corporation

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Zurich

Switzerland

Back to the black figures - UBS writes billions in profit in first quarter

Costs linked to the integration of Credit Suisse came to $1.02 billion for the quarter, the bank said

Wall Street Journal

Murdoch family

New York

UBS Swings Back to Net Profit With Credit Suisse Integration on Track

After two losing quarters, Grossbank earned US$1.76 billion between January and March, as it reported on Tuesday.

Nach zwei verlustreichen Quartalen verdiente die Grossbank zwischen Januar und März 1,76 Milliarden US-Dollar, wie sie am Dienstag mitteilte.

UBS reports first profit since taking over Credit Suisse

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