Previous close | 0.1200 |
Open | 0.1200 |
Bid | 0.0200 |
Ask | 0.1500 |
Strike | 20.00 |
Expiry date | 2024-08-16 |
Day's range | 0.1200 - 0.1200 |
Contract range | N/A |
Volume | |
Open interest | 450 |
Shares of UBS Group (UBS) are rising on Tuesday morning as the company reported its first-quarter earnings results revealing a $1.8 billion profit, which was nearly triple analysts' forecasts. The Swiss multinational bank cites cost-cutting measures as one of the reasons behind the profit. Catalysts Anchors Madison Mills and Seana Smith break down the latest development for UBS and what it means for investors moving forward. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
UBS Group's (UBS) first-quarter results reflect growth in Asset Management, Personal & Corporate Banking and Investment Bank divisions. A strong capital position is another positive.
UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal.