UBS operating income down to $7.09B in Q3

Tuesday, 22. October 2019 06:49

Swiss financial services company UBS Group AG announced that its reported operating income was $7.09 billion in the third quarter of 2019, representing a decrease from $7.37 billion in the same period a year ago.

Reported profit before tax (PBT) was $1.35 billion compared to $1.7 billion on an annual basis in the third quarter, while diluted earnings per share (EPS) were $0.28, down 14% year-on-year. Net profit attributable to shareholders was 16% lower than in the third quarter of 2018, standing at $1.05 million.

"Geopolitical tensions and trade disputes continue to impact investor confidence," the company's quarterly report noted, while also pointing out that "positive momentum toward resolving these issues would likely improve confidence and the economic outlook."

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