UBS reports Q4 EPS 50c, profit before tax $1.9B

Reports Q4 RoCET1 capital ratio 14.7%, CET1 capital ratio 14.2%. CEO Ralph Hamers said: "We delivered good full-year and solid fourth-quarter results in a difficult macroeconomic and geopolitical environment. Our performance proves that our strategy is the right one. Clients turned to us for advice and stability, resulting in USD 60bn of net new fee-generating assets for the full year and USD 23bn in the fourth quarter. We maintained a strong capital position while returning USD 7.3bn of capital to our shareholders in 2022."