Tuesday, April 25, 2023

UBS Stock Dips On Weak Q1 Results; Sees Higher Net Interest Income

Shares of UBS Group AG were losing around 4 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major reported Tuesday sharply lower profit in its first quarter due to increased U.S. litigation provision and weak revenues. The Swiss bank, which is in deal to buy domestic peer Credit Suisse Group AG, also warned about ongoing uncertainties

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