UBS Group AG

UBSG: XSWX (CHE)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
CHF 28.60PvpzkLxtcsylgs

UBS Earnings: Credit Suisse Integration on Track, but Capital Uncertainty Weigh on Its Valuation

Narrow-moat UBS reported underlying pretax profits of $2.1 billion for the second quarter of 2024, 26% ahead of the $1.6 billion company-compiled consensus estimate. Revenue for the quarter was slightly ahead of expectations, mainly due to a good quarter for the investment banking business.

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