UBS Beats Forecasts with Q2 Profit, Announces US$3 Billion in New Buybacks

UBS reported a forecast-beating 17% increase in second-quarter net profit, with net profit attributable to shareholders reaching US$2.8 billion. The Swiss bank also announced plans for US$3 billion in new share buybacks by the end of June, following US$3 billion in buybacks completed in July. The strong performance and capital return program signal confidence in the bank's financial health and outlook.

First published Aug 4, 01:54 PM UTCUpdated Jul 29, 05:26 AM UTC1 reports · 1 sources

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UBS Beats Forecasts with Q2 Profit, Announces US$3 Billion in New Buybacks

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UBS Beats Forecasts with Q2 Profit, Announces US$3 Billion in New BuybacksThe Business TimesRegionalJul 29, 05:26 AM UTC

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