UBS: Q1 earnings up 17% to $2.1bn

(CercleFinance.com) - UBS has announced its Q1 2022 results.
Pre-tax profit was 2,729 million dollars (+19% y-o-y) after the net creation of 18 million dollars in provisions for credit losses.

The cost/income ratio fell 3.1% y-o-y to 70.7%. Revenue and operating expenses increased by 8% and 4% respectively y-o-y.

Net income, group share reached 2,136 million dollars (+17% y-o-y), corresponding to diluted EPS of 0.61 dollar.

The group says that it remained focused on executing our strategic plans, maintaining a stable environment for its clients and managing risk. Its strong results demonstrate the bank's ability to achieve its targets, even in the current environment.


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