Published on May 7, 2024 at 07:25. / Modified on May 7, 2024 at 6:30 p.m.
The signals turned green. UBS again recorded a net profit in the first quarter of 2024, after two partials in the red. The increase in revenues, particularly in wealth management, and the reduction in costs particularly supported the results. The three-key bank said it was on the right track regarding the integration of Credit Suisse.
During the period under review, the establishment’s net profit stood at 1.8 billion dollars (1.6 billion francs) while in the fourth quarter of 2023, the number one Swiss bank suffered a net loss. of $279 million.
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