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In the fourth quarter of the UBS, the profit of the UBS has made past expectations because it has become the latest global bank that has benefited from commercial anger after the victory of US Presidential election of Donald Trump.
Strong effect in its investment bank Ubs Net profit of $ 770 million in the last three months last year, surpassing a $ 483 million forecast by analysts. Revenues climbed 7 percent to $ 11.6 billion compared to the same period a year earlier.
Switzerland Bank announced that it had benefits from the strong demand of institutional and private clients during the quarter, increased by increasing their appetite at risk after Trump’s return to the White House.
Revenues in UBS Division Global Markets in the fourth quarter jumped 44 percent compared to the same period 2023, increased by higher trade activities in sections and foreign exchange.
The results resonate with those from the Wall Street rival last month, and they come as a French BNP Paribas lender on Tuesday that the jump in its investment bank helped increase profit more than 15 percent.
They also indicate a fourth consecutive quarter of profit at the Swiss lender because it still integrates its former rival Credit suissewho acquired in 2023 in an agreement orchestrated by Swiss regulators.
On the back of a better result than expected, UBS said he would buy $ 1 billion in his shares in the first half of 2025 and an additional $ 2 billion in the second half.
Profit before taxation at the UBS Investment Bank, he came significantly before expectations of $ 486 million, but the unit for management of the Bank’s wealth disappointed with smaller inflows than expected analysts.
Business to manage wealth-in a crowded but quickly growing American market-considers an important part of his strategy for Use your acquisition of credit suisse.
“During the 2024, we retained a strong momentum because we recorded the growth of global wealth and assets and acquired a market share of an investment bank in areas where we invested strategic investments,” said UBS CEO Sergio Ermotti.
UBS added that “constructive market conditions” continued in the first quarter of 2025, but warned that the in -lated feelings could be affected by “darkened macroeconomic prospects outside the USA [and] Increased uncertainty about global trade. ”
UBS is in the midst of a three -year integration of Credit suisse, which includes clients migration and integration of the IT system, a long procedure for which the bank expects to be completed in 2026.
The migration of most Swiss accounts and all portfolio in his asset business will be completed by the end of the year, UBS added.
Last month, Ermotti hinted that he would continue to reduce jobs as integration had progressed. UBS’s principal swollen from below 75,000 to about 120,000 after agreeing to save his rival rival almost two years ago.
At the end of last year, the bank had about 109,000 adult staff, which is a drop of 113,000 years earlier.
During the last quarter of 2023, UBS fell for a loss of $ 279 million as it claimed restructuring costs associated with integration.
