UBS Q2 underlying pre-tax profit climbs, stock up [Yahoo! Finance]
ETRACS Crude Oil Shares Covered Call ETNs due April 24, 2037 (USOI)
US:NASDAQ Investor Relations:
credit-suisse.com/articles/media-releases/2017/04/en/usoi-launch-pr.html
Company Research
Source: Yahoo! Finance
banking major reported Wednesday significant growth in second-quarter underlying profit before tax as revenues were benefited mainly by the consolidation of Credit Suisse revenues for the full quarter. Meanwhile, net profit and pre-tax profit plunged from last year. Looking ahead, the company said it sees positive investor sentiment and continued momentum in client and transactional activity in the third quarter. The company expects to incur around $1.1 billion of integration related expenses in the third quarter, while the pace of gross cost savings will decline modestly sequentially. According to the bank, the macroeconomic outlook continues to be clouded by ongoing conflicts, other geopolitical tensions and the upcoming US elections. These uncertainties are expected to persist for the foreseeable future, and they will likely lead to higher market volatility compared with the first half of the year. Sergio Ermotti, Group CEO, said, "We are well positioned to meet our finan
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News
- UBS reports 2Q24 net profit of USD 1.1bn with continued client momentum and integration progress (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules) [Yahoo! Finance]Yahoo! Finance
- South Korea Deals Credit Suisse a Record Short-Selling Fine [BNN Bloomberg (Canada)]BNN Bloomberg
- South Korea fines Credit Suisse for illegal stock short selling [Yahoo! Finance]Yahoo! Finance
- UBS Group (UBS) Closes Swiss Arm & Credit Suisse (Schweiz) Merger [Yahoo! Finance]Yahoo! Finance