UBS reports Q3 EPS of 0.32 Swiss francs, up 37% YoY

Thursday, 25. October 2018 06:51

UBS Group AG reported on Thursday its third quarter earnings per share (EPS) of 0.32 Swiss francs or 37% more than the same quarter last year.

The bank's net profit was 1.3 billion Swiss francs in the third fiscal period of 2018 and increased 32% on a yearly basis. The profit before tax was reported as rising 37% compared to Q3 2017 and reached 1.6 billion Swiss francs. The operating income amounted to 7.3 billion Swiss francs. The release also stated the bank's share buyback was ahead of target.

"Our results for the quarter once again highlight the benefits of our diversification. They also demonstrate that we are pursuing a focused strategy in each of our business divisions, creating value for our clients and shareholders," CEO Sergio P. Ermotti said.

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