UBS diluted EPS rises to $0.43 in Q1

Tuesday, 28. April 2020 07:02

Investment banking company UBS Group AG reported on Tuesday its diluted earnings per share (EPS) in the first three months of 2020 stood at $0.43, increasing compared to the same time the year before when it landed at $0.30.

During the same period, the company booked a total operating profit of $2 billion before tax, which is $1,08 billion more year-on-year. Net profit increased by 873 million to $1,59 billion from 2019's first-quarter results.

The group's CEO, Sergio P. Ermotti, said: "As a result of years of disciplined strategic execution, risk management and sustained technology investments, we enter these turbulent times from a position of strength. This quarter, UBS performed at its best in all dimensions, and demonstrated the true character of our organization and our people in that we were able to support our clients with advice, credit and liquidity at the time they need it the most and provide support to the communities in which we operate, while creating value for shareholders."

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