UBS reports Q1 EPS at $0.49, up 14%

Tuesday, 27. April 2021 06:49

UBS Group AG reported on Tuesday its first-quarter diluted earnings per share (EPS) at $0.49, an increase of 14% compared to the same period last year. Net profit also rose 14% and reached $1,8 billion, while operating income grew 10% to $8,7 billion.

"We expect our revenues in the second quarter of 2021 to be influenced by seasonal factors, such as lower client activity compared with the first quarter of 2021. Higher asset prices should have a positive effect on recurring fee income in our asset gathering businesses. However, the continued uncertainty about the environment and economic recovery could affect both asset prices and client activity," the bank said in its earnings report.

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