Lates News

UBS (USB.US) fell 4.3% to $45.6. On the news front, UBS reported a fourth-quarter revenue of $12.1 billion and a net profit attributable to shareholders of $1.2 billion, a 56% year-on-year increase, exceeding expectations. The common equity Tier 1 (CET 1) ratio was 14.4%, slightly down from 14.8% in the third quarter. During the period, the overall net inflow for the wealth management business was $8.5 billion, with the US wealth management business experiencing $14.1 billion in outflows, causing market concerns.