UBS Reports Strong Q4 Profit Growth, Warns Of Interest Income Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 04 2025
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Source: Benzinga
UBS Financial Performance: UBS Group AG reported fourth-quarter 2024 sales of $11.6 billion, a 7% increase year-over-year, with a net profit of $770 million compared to a loss of $279 million the previous year. The bank's underlying operating profit surged by 198% to $1.8 billion.
Future Outlook and Cost Savings: UBS anticipates a decline in net interest income for Global Wealth Management and Personal & Corporate Banking, while projecting integration-related expenses of around $14 billion by 2026 and aiming for gross cost savings of approximately $13 billion compared to FY22.
Analyst Views on AVDE
Wall Street analysts forecast AVDE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVDE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 86.080
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Current: 86.080
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
