TELETRADER News
7/26/2022, 6:56 AM
(Source: TeleTrader)
UBS GR.+3.02%
UBS Q2 net profit rises by 5% to $2.1 billion
Investment banking company UBS Group AG reported on Tuesday it booked a $2.1 billion net profit, up by 5% from the second-quarter results in 2021.
During the same period, the company's operating profit increased to $2.61 billion, from last year's $2.59 billion, while its diluted earnings per share for the three months period stood at $0.61, rising compared to the same time the year before when the EPS landed at $0.38."
"In these uncertain times, we remained close to our clients. We focused on improving our ecosystem and how clients access it. This, combined with our strategy, diversified business model and strong balance sheet led to strong reported results and good underlying performance." Ralph Hamers, Group CEO, said.