Zurich, Feb 4, 2025 (AFP) - UBS reports $770 million net profit in fourth quarter of 2024

NAMPA / AFP

2025-02-04

Swiss banking giant UBS exceeded expectations for the fourth quarter of 2024 with a net profit of $770 million, compared with a $279 million loss in the same period a year earlier under the weight of integrating Credit Suisse. Switzerland's biggest bank, which was strongarmed into buying its closest domestic rival in 2023, also reported a seven percent increase in revenues to $11.6 billion, driven by rising stock markets which supported transacti......

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