UBS: full-year earnings up a quarter
(CercleFinance.com) - UBS has announced FY 2018 net income that is up 25% at 4.
9 billion dollars, or 1.27 dollar per share, with adjusted pre-tax earnings that are up 2% to over 6.4 billion dollars.
CEO Sergio Ermotti said that the bank has also reached a solid return on CET1 equity of 14.2% and has exceeded its targets in terms of returns on capital. He added that in early 2019, the markets appear to be getting back to normal.
The Swiss bank will propose an ordinary dividend of 0.70 Swiss franc per share for the past fiscal year, up 8% relative to 2017, and plans to make share repurchases to the tune of one billion dollars in 2019.
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9 billion dollars, or 1.27 dollar per share, with adjusted pre-tax earnings that are up 2% to over 6.4 billion dollars.
CEO Sergio Ermotti said that the bank has also reached a solid return on CET1 equity of 14.2% and has exceeded its targets in terms of returns on capital. He added that in early 2019, the markets appear to be getting back to normal.
The Swiss bank will propose an ordinary dividend of 0.70 Swiss franc per share for the past fiscal year, up 8% relative to 2017, and plans to make share repurchases to the tune of one billion dollars in 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.