UBS Q2 Results Resilient; Good Growth of Capital Markets Revenues offset COVID-19 Provisions
UBS Group AG (UBS or the Group) reported net profit attributable to shareholders of USD 1.2 billion in Q2 2020, compared to a USD 1.4 billion a year ago and USD 1.6 billion in Q1 2020. The 11.5% decrease Year-on-Year (YoY) was largely driven by higher credit provisions. Excluding the latter, Q2 2020 results showed sound growth of Investment Banking (IB) revenues, particularly from Fixed-Income Sales & Trading (S&T), and resilient revenue generation from Global Wealth Management (GWM).
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.