[ad_1]

UBS (NYSE:UBS): Q3 net income of $2.09B beats by $0.52B.

Operating income of $8.94B, up 26% Y/Y.

The second tranche of 2019 dividend of $0.365 to be paid on November 27, 2020.

The company has established a $1.5B capital reserve for potential share repurchases reflecting strong capital generation by its businesses.

Outlook: Expects credit loss expense in Q4 to remain markedly lower than 1H20. Ongoing growth initiatives and other actions to drive net interest income should offset US dollar interest rate headwinds.

Shares +2.3% in Switzerland.

Press Release



[ad_2]

Source link

Comments to: UBS EPS beats by $0.52 (NYSE:UBS)

Your email address will not be published. Required fields are marked *

Attach images - Only PNG, JPG, JPEG and GIF are supported.

Login

Welcome to Typer

Brief and amiable onboarding is the first thing a new user sees in the theme.
Join Typer
Registration is closed.