UBS Group AG
UBSG: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 54.90 | Czxqck | Dptqnmwf |
UBS Earnings: Credit Suisse Integration on Track, but Capital Uncertainty Weigh on Its Valuation
Narrow-moat UBS reported underlying pretax profits of $2.1 billion for the second quarter of 2024, 26% ahead of the $1.6 billion company-compiled consensus estimate. Revenue for the quarter was slightly ahead of expectations, mainly due to a good quarter for the investment banking business.