Home World News UBS posts 137% leap in fourth-quarter revenue

UBS posts 137% leap in fourth-quarter revenue

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UBS posts 137% jump in fourth-quarter profit

The brand of Swiss banking large UBS engraved on the wall is seen on its headquarters on Might 8, 2019 in Zurich.

Fabrice Coffrini | AFP | One other Billionaire Information

LONDON — UBS, the world’s largest wealth supervisor, has reported internet revenue of $1.71 billion for the fourth quarter of 2020, a 137% leap on the 12 months earlier than.

Analysts had forecast internet revenue of $967 million for the three-month interval, in accordance with Refinitiv. It comes after the Swiss financial institution reported internet revenue of $2.1 billion for the third quarter of final 12 months.

The most recent outcomes are the primary beneath the management of Ralph Hamers, who took over as the brand new chief government officer on Nov. 1.

UBS shares are up round 3% because the begin of the 12 months.

It is a breaking information story and it’s being up to date.