UBS Reports Strong Q3 Results, Emphasizes Growth

ETRACS Alerian MLP Index ETN Class B (AMUB) has released an update.

ETRACS Alerian MLP Index ETN Class B, under UBS Group AG, has reported strong financial performance for the third quarter of 2024, showcasing a net profit of $1.4 billion and a 9% increase in year-on-year underlying revenues. The company continues to integrate Credit Suisse successfully, enhancing its client offerings and leveraging AI technologies like Microsoft Copilot to boost efficiency. UBS remains committed to long-term growth, maintaining a robust capital position with a CET1 capital ratio of 14.3%, while focusing on sustainable growth and innovation.

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