- UBS’s total revenue for the third quarter surpassed estimates, coming in at $11.70 billion compared to the estimated $11.04 billion.
- The net trading income also exceeded estimates at $3.21 billion, compared to the estimated $2.41 billion.
- Net Fee & Commission income was higher than expected, with $6.07 billion against the estimated $5.88 billion.
- The operating expense was higher than the estimated $10.64 billion, coming in at $11.64 billion.
- Wealth Management’s pretax profit was lower than estimated, with $1.01 billion compared to the estimated $1.25 billion.
- Asset Management’s pretax profit was significantly lower than estimated, with $31 million compared to the estimated $127.8 million.
- The Common equity Tier 1 ratio was on par with estimates at 14.4%.
- The Cost to Income Ratio was higher than the estimated 95%, coming in at 99.6%.
- UBS has received 15 buys, 8 holds, and 5 sells in stock ratings.
UBS Group on Smartkarma
UBS Group AG has recently been the subject of analyst coverage from Baptista Research, a top independent analyst. According to the research report, the company delivered a decent result in the last quarter driven by strong flows across Global Wealth Management and Asset Management. The report also suggests that the company will prioritize a capital-light and client-focused Investment Bank model while managing activities outside its strategic focus.
The report carries a bullish sentiment and suggests that the company’s acquisition of Credit Suisse and other drivers could help the company in the long run. The report also offers an in-depth analysis of the company’s financials and outlook with detailed analysis of the company’s strategy and operations.
A look at UBS Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
UBS Group AG is a financial services provider offering services to private, corporate, and institutional clients. Based on its Smartkarma Smart Scores, the company has a positive long-term outlook. UBS Group scored highly on Value (4) and Growth (5), indicating a strong financial performance. Additionally, UBS Group scored highly on Momentum (5), suggesting potential for growth in the future. However, its Dividend (2) and Resilience (2) scores are lower, suggesting that the company is not as well equipped to handle financial downturns.
UBS Group AG provides a wide range of financial services, including investment, retail, corporate and institutional banking, wealth management planning, asset management, fund administration, and third-party fund management. With its strong long-term outlook and comprehensive range of financial services, UBS Group is well-positioned to remain a leader in its industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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