UBS Beats Q1 Profit Expectations

This is a news story, published by CNBC, that relates primarily to UBS news.

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Swiss giant UBS

CNBC

•

Business

Business & Economics

Swiss giant UBS posts profit beat, warns of 'material risk' to global growth from U.S. tariffs

Summary

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85% Informative

Swiss giant UBS beat bottom line expectations amid sharp returns in investment banking.

Group revenue over the stretch stood at $12.557 billion , versus analyst expectations of $11.99 billion .

Return on tangible equity reached 8.5% , versus 3.9% in the fourth quarter .

Net profit attributable to shareholders hit $1.692 billion in the first quarter , compared with a mean forecast of $1359 billion in a LSEG poll of analysts.

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formal

Language

English

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not hateful