UBS Group profit rises to $3.04 billion in first quarter, signals larger buyback

13 articles · Updated · Bloomberg · Apr 29

UBS traders drove a $3.04 billion net income in Q1, surpassing all analyst estimates and boosting investment bank revenue by nearly 30%.
Equities and foreign exchange trading delivered the biggest gains, keeping the Swiss wealth manager on track for increased investor payouts this year.
The results continue UBS's strong momentum, following last year's $1.69 billion Q1 profit and $37 billion in new wealth management inflows, as the bank confirms plans to expand its $3 billion share buyback.

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