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UBS produces the biggest ever quarterly profit for a global bank 8 месяцев назад


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UBS produces the biggest ever quarterly profit for a global bank

Swiss banking giant UBS has posted the biggest-ever quarterly profit for a bank in the second quarter as a result of its emergency takeover of Credit Suisse. Q2 group net profit attributable to shareholders was $28.875bln vs. analysts' ests of $33.45bln, so it was a disappointment, but the sheer size of the quarterly profit was a direct result of the accounting difference between the $3 billion price UBS paid for Credit Suisse and the value of the acquired lender's balance sheet. Q3 forecasts are for 'around breakeven'. Subscribe ► https://www.youtube.com/IGUnitedKingd... Learn how to trade with IG: https://upl.inc/the-world-of-ig We provide fast and flexible access to over 17,000 financial markets – including indices, shares, forex and commodities – through our award-winning range of platforms and apps. Established in 1974 as the world’s first financial spread betting firm, we’re the world’s No.1 provider of CFDs and spread betting* and a global leader in forex. We also offer an execution-only share dealing service in the UK, Ireland, Germany, Austria and the Netherlands. Our range of affordable, fully managed investment portfolios rounds out our comprehensive offering to investors and active traders. Through our low fees and smart price-sourcing technology, we help traders keep their costs down. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider†. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. * Based on revenue excluding FX (published financial statements, February 2023). † For the 12 months preceding 1 July 2023.

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