UBS Beats Profit Forecasts, Announces US$3 Billion in New Share 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 plans signal confidence in the bank's financial health and strategic direction, particularly following its integration of Credit Suisse. The results exceeded analyst expectations, driven by robust performance in wealth management and investment banking divisions.

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

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

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

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