[ad_1]
Net income attributable to the bank's shareholders for 2018 was $ 4.897 billion, compared with $ 969 million in 2017, the year in which US tax reforms weighed on results. Five badysts polled by Reuters forecast a net profit of 4.906 billion dollars for 2018.
"We have seen a market normalization of markets early in 2019, and we will continue to look for the balance between efficiency and investment for growth so we can continue to achieve our return on capital objectives while creating value. sustainable for shareholders ", Sergio Ermotti, general manager of UBS officer, said Tuesday in a statement.
UBS has also announced plans to purchase $ 1 billion worth of shares in 2019, worth more than $ 751 million.
The Swiss bank announced cash outflows of nearly $ 8 billion in the fourth quarter, stating that the reduction in invested badets will affect the recurring revenues of this division.
Source link
