UBS Group Second Quarter 2024 Earnings: Beats Expectations

UBS Group (VTX:UBSG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$11.8b (up 33% from 2Q 2023).
• Net income: US$1.14b (down 96% from 2Q 2023).
• Profit margin: 9.6%.
• EPS: US$0.35 (down from US$8.87 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

UBS Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 175%.

Looking ahead, revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Capital Markets industry in Switzerland.

Performance of the Swiss Capital Markets industry.

The company's shares are up 6.2% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for UBS Group you should know about.

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