For Q3 UBS Expects $1.1B In Integration Expenses, Partially Offset By $0.6B In Purchase Accounting Gains, With Moderate Net Interest Income Headwinds Impacting Global Wealth Management
Portfolio Pulse from Benzinga Newsdesk
UBS expects $1.1 billion in integration expenses for Q3 2024, partially offset by $0.6 billion in purchase accounting gains. The company faces moderate net interest income headwinds in Global Wealth Management due to macroeconomic uncertainties and geopolitical tensions.
August 14, 2024 | 6:39 am
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UBS expects $1.1 billion in integration expenses for Q3 2024, partially offset by $0.6 billion in purchase accounting gains. The company faces moderate net interest income headwinds in Global Wealth Management due to macroeconomic uncertainties and geopolitical tensions.
The integration expenses and purchase accounting gains are significant financial events for UBS. However, the moderate net interest income headwinds and macroeconomic uncertainties may balance out the impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100