UBS shares rose as a lot as 3% on Wednesday morning in Europe, topping because the best-performing inventory within the STOXX 600 Monetary Companies Index, after second-quarter revenue on the Swiss lender beat expectations. The Zurich-based financial institution mentioned web revenue was $1.1 billion, about double analyst estimates. Development in deal-making income on the funding financial institution beat many Wall Avenue friends, whereas a decrease than anticipated loss on the unit devoted to winding down Credit score Suisse legacy property helped offset a miss within the wealth administration division. CEO Sergio Ermotti mentioned the financial institution has entered technical discussions with the federal government and regulators over plans to overtake Switzerland’s guidelines round financial institution capital and liquidity. The revamp is among the political penalties of the Credit score Suisse collapse final 12 months.
Right this moment’s visitors: Charlotte Ryland, CCLA Funding Mgmt; Sanam Vakil, Chatham Home
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:02:04 – Ermotti: On Monitor for 2026 Targets
00:07:41 – Charlotte Ryland, CCLA Funding Mgmt
00:13:54 – Sanam Vakil, Chatham Home
00:21:12 – Headlines
00:21:56 – UBS CEO Sergio Ermotti on Markets Volatility
00:26:12 – Blomberg Workforce Breaks Down UBS 2Q Earnings Report
00:35:59 – Japan Set for a New Chief as Premier Kishida to Step Apart
00:40:11 – Thai Court docket Ousts PM After Discovering Him Responsible in Ethics Case
00:41:02 – DOJ Mulls Google Breakup Push After Landmark Antitrust Win
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Extra on Bloomberg Tv and Markets
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