Reports Q3 RoCET1 capital ratio (4%(, CET1 capital ratio 14.4%. “We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the Group in the first full quarter since the acquisition. Our clients have continued to place their trust and confidence in us, contributing to strong inflows across wealth management and our Swiss franchise. We are optimistic about our future as we build an even stronger and safer version of the UBS that was called upon to stabilize the financial system in March and one that all of our key stakeholders can be proud of,” said Sergio Ermotti, Group CEO.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on UBS:
- UBS chair Kelleher warns of the risks of ‘shadow’ banking, FT reports
- UBS: Outlook for economic growth, asset valuations remains difficult to predict
- UBS reports Q3 EPS (24c), profit before tax ($255M)
- Football helmet-maker Riddell exploring sale, Reuters reports
- UBS to cut Credit Suisse investment bankers in Spain, Bloomberg reports