UBS posts EPS of $0.30 in Q1, down 26% YoY

Thursday, 25. April 2019 06:57

UBS Group AG reported its diluted earnings per share (EPS) for the first quarter of 2019 at $0.30, 26% less on a yearly basis. The Swiss bank stated its operating income was $7.2 billion, or 11% less than in the same quarter last year, while net profit amounted to $1.1 billion, a drop of 26% year-on-year.

"The first quarter of 2019 was characterized by challenging market conditions, which improved towards the end of the quarter and into April. We're on track with the strategic initiatives we announced at our Investor Update last October, as well as the measures we put in place to mitigate market headwinds. Benefits from these measures should come in the second half of the year, supporting our attractive capital return plan for the year," said CEO Sergio Ermotti.

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