The solid performance was driven by higher loan volumes and solid growth in both equities and forex trading.
UBS, a Swiss multinational investment bank and financial services provider, has reported better-than-anticipated third-quarter results this Thursday morning. Yet again, the results were driven by the firm's investment bank which experienced higher loan volumes and solid growth in both equities and foreign exchange (Forex) trading.
According to Reuters, analysts forecast that UBS would see a net profit of CHF 1.018 billion ($1.022 billion) in the third quarter of 2018. However, the bank managed to achieve a net profit of CHF 1.2 billion.
This is a significant jump of 32 percent from what the Swiss bank reported during the third quarter of 2017 and its also up around 15 percent from what analysts surveyed by Reuters expected.
Operating income was also up year-on-year, coming in at CHF 7.3 billion, which translates to an increase of almost 2 percent. Diluted earnings per share were also up from CHF 0.25 in the third quarter of 2017, to CHF 0.32 in the current period.
UBS Experiences Strong Uptick in Equities and Forex Trading
Taking a look at the firm’s investment bank unit, net interest income and other net income from fair value changes on financial instruments increased by CHF 53 million to reach CHF 1.1 billion.
This increase was thanks to a CHF 145 million uptick in Investor Client Services. In turn, this increase was due to improved trading performance and higher client activity levels in forex, rates, and credit. In addition, equities also saw an increase in trading activity, which resulted in higher revenues across all products and regions.
Commenting on the results, Sergio Ermotti, the Group Chief Executive Officer said: “our results for the quarter once again highlight the benefits of our diversification. They also demonstrate that we are pursuing a focused strategy in each of our business divisions, creating value for our clients and shareholders.”
UBS also warns that ongoing geopolitical tensions, rising protectionism, and trader dispute continue to degrade investor sentiment and confidence. However, while the firm believes that if this is to continue it will be negative for its global wealth management activity, it also highlights that increased volatility from these issues could be beneficial for its investment banking unit.
UBS, a Swiss multinational investment bank and financial services provider, has reported better-than-anticipated third-quarter results this Thursday morning. Yet again, the results were driven by the firm's investment bank which experienced higher loan volumes and solid growth in both equities and foreign exchange (Forex) trading.
According to Reuters, analysts forecast that UBS would see a net profit of CHF 1.018 billion ($1.022 billion) in the third quarter of 2018. However, the bank managed to achieve a net profit of CHF 1.2 billion.
This is a significant jump of 32 percent from what the Swiss bank reported during the third quarter of 2017 and its also up around 15 percent from what analysts surveyed by Reuters expected.
Operating income was also up year-on-year, coming in at CHF 7.3 billion, which translates to an increase of almost 2 percent. Diluted earnings per share were also up from CHF 0.25 in the third quarter of 2017, to CHF 0.32 in the current period.
UBS Experiences Strong Uptick in Equities and Forex Trading
Taking a look at the firm’s investment bank unit, net interest income and other net income from fair value changes on financial instruments increased by CHF 53 million to reach CHF 1.1 billion.
This increase was thanks to a CHF 145 million uptick in Investor Client Services. In turn, this increase was due to improved trading performance and higher client activity levels in forex, rates, and credit. In addition, equities also saw an increase in trading activity, which resulted in higher revenues across all products and regions.
Commenting on the results, Sergio Ermotti, the Group Chief Executive Officer said: “our results for the quarter once again highlight the benefits of our diversification. They also demonstrate that we are pursuing a focused strategy in each of our business divisions, creating value for our clients and shareholders.”
UBS also warns that ongoing geopolitical tensions, rising protectionism, and trader dispute continue to degrade investor sentiment and confidence. However, while the firm believes that if this is to continue it will be negative for its global wealth management activity, it also highlights that increased volatility from these issues could be beneficial for its investment banking unit.
Dollar Surge Fails to Boost Forex Trading as Volumes Hit Five-Month Low
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24