Swiss bank UBS gets a boost from higher interest rates, beats expectations in fourth quarter
Publishing timestamp: 2023-01-31 01:04:06
Summary
UBS reported $1.7 billion of net income in fourth quarter of 2022 and total $7.6 billion across entirety of last year, beating expectations. Shares for Swiss lender rose by about 15% over last 12 months. Global Wealth Management posted net interest income increase of 35% on year.
Sentiment: POSITIVE
Tickers: UBSG-CH,
Keywords: breaking news, europe news, ubs group ag, business news, economic events, breaking news: europe, politics, banks, earnings, switzerland, davos,
Source: https://www.cnbc.com/2023/01/31/ubs-earnings-q4-and-fy-2022.html