UBS Gr Q2 EPS $8.99 Up From $0.61 YoY, Sales $9.54B Beat $8.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
UBS Gr reported Q2 earnings of $8.99 per share, a 1373.77% increase YoY. Quarterly sales were $9.54 billion, beating the analyst consensus estimate of $8.57 billion by 11.32%. Excluding certain costs, 2Q23 PBT was $1.14 billion, with a cost/income ratio of 80.3% and a return on CET1 capital of 4.5%.
August 31, 2023 | 7:04 am
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POSITIVE IMPACT
UBS Gr reported a significant YoY increase in Q2 earnings and beat sales estimates. This could positively impact the stock in the short term.
UBS Gr reported a significant increase in Q2 earnings YoY and beat sales estimates, which is generally seen as positive news by investors and could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100