UBS Expects A Mid-Single-Digit Decline In Q4 Net Interest Income For Global Wealth Management And A Low Single-Digit Drop In Personal & Corporate Banking
Portfolio Pulse from Benzinga Newsdesk
UBS anticipates a mid-single-digit decline in Q4 net interest income for Global Wealth Management and a low single-digit drop in Personal & Corporate Banking. The macroeconomic outlook remains uncertain due to geopolitical conflicts and upcoming US elections. Integration-related expenses are expected to be around USD 1.2bn.
October 30, 2024 | 6:19 am
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UBS expects a decline in Q4 net interest income for Global Wealth Management and Personal & Corporate Banking due to market volatility and geopolitical uncertainties. Integration-related expenses are projected at USD 1.2bn.
The anticipated decline in net interest income and the high integration-related expenses suggest potential short-term financial pressure on UBS. The geopolitical uncertainties and market volatility further contribute to a negative outlook.
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