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After the victory of Donald Trump’s U.S. presidential election, UBS’s fourth -quarter profits spread past expectations, the latest global bank.
The outstanding performance of its investment banks made UBS net profit of US $ 770 million in the last three months last year, surpassing the analyst’s US $ 483 million forecast. Compared with the same period last year, revenue rose 7 % to $ 11.6 billion.
The Swiss Bank said that in this quarter, it benefited from the strong demand of institutions and private customers. This was increased due to the increased risk appetite after Trump returned to the White House.
The income of UBS global market sector increased by 44 % in the fourth quarter, while in the same period of 2023, the higher activities of stocks and foreign exchange trade activities increased.
As a result, it echoed the Wall Street competitors last month, and the French Loan French Kuomintang Kuomintang Parbas said on Tuesday that the rebound of its investment banks helps increase the profit by more than 15 %.
They also marked the profit of Swiss loan in the fourth consecutive quarter because it continued to integrate its previous competitors Swiss Credit, which was acquired in a transaction carefully planned by a Swiss regulatory agency in 2023.
UBS stated that in the first half of 2025, UBS’s stocks were better than expected, and it was more than $ 20 billion in the second half.
The pre -tax profit of UBS Investment Bank was higher than the expected US $ 486 million, but the bank’s wealth management department had a smaller inflow rate for analysts.
Wealth management business, especially in crowded but rapidly growing US markets, is considered an important part of its strategy of using Swiss Credit.
CEO CEO Sergio Ermotti said: “In 2024, we maintained a strong momentum because we captured the growth of global wealth and asset management, and we made a strategy in our strategy. Investment areas have obtained the market share of investment banks. ”
UBS added that the “constructive market situation” continued until the first quarter of 2025, but warned that investors’ emotions may be hit by the “shrouded macroeconomic prospects” outside the United States [and] Increased uncertainty around global trade “.
UBS is in the middle of Credit Suisse for three years. Credit Suisse involves migration customers and integrated IT systems. This long process will be completed in 2026.
UBS added that at the end of the year, the migration of most Swiss accounts and all investment portfolios will be completed.
Last month, Ermotti said he would continue to lay off layoffs with the development of integration. The total number of UBS expanded from 75,000 to about 120,000. It had previously agreed to rescue its cross -city competitors about two years ago.
The bank had about 109,000 full -time employees at the end of last year, lower than 113,000 in the same period last year.
In the last quarter of 2023, UBS fell to $ 279 million because it reorganized with the reorganization cost related to integration.
