7/24/2018, 6:55 AM (Source: TeleTrader)
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UBS GR.-2.32%

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UBS reports Q2 EPS of 0.33 Swiss francs, up 6.5% YoY

UBS Group AG reported on Tuesday its second-quarter earnings per share (EPS) of 0.33 Swiss francs, or 6.5% more than the same quarter last year. The bank's net profit was 1.2 billion Swiss francs in the second fiscal period of 2018 and increased 9% on a yearly basis. The profit before tax was reported as rising 12% compared to Q2 2017 and reached 1.6 billion Swiss francs. The operating income amounted to 7.6 billion Swiss francs, which was a 4% increase year-on-year. The release also stated the bank repurchased 550 million Swiss francs worth of its own shares during the second quarter, meeting its target for this year as part of its 3-year share repurchase program of up to 2bn Swiss francs.

"I'm pleased with the second quarter, which contributed to a strong first half, with particularly good capital generation. We'll keep our focus on growth and efficiency, and continue to build on the strengths of our global franchise," said CEO Sergio P. Ermotti.

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