UBS is the only top BB to increase its profits (+40%)
Suck on that Goldman Sachs!! We have a new king among BBs.
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This is like failing all ur classes for semester 1 and then getting straight Cs on semester 2
Ya only because it's easy to pump out a sexy % change when you make the jump from Net Loss to COVID Adj. Net Income
Lmao this bad new if anything. From primarily PWM as been said over the last year too. They are not a BB it’s over sorry why do you think all their big seniors left awhile ago.
Actually IB profit rose 242% Y/Y if you read the article
Investment Bank Q1 profits increased from $293 million to $709 million. Very strong for UBS considering profits for all of 2019 was $784 million.
Title calling UBS a top BB is just asking for smoke. But this is encouraging and hopefully UBS can continue its performance. Nice to see it's IBD actually doing well for once instead of being carried by PWM. Also funny the article quoted from RBC
UBS surprisingly did very well in Q1, 4th in US M&A league tables.
https://www.factset.com/hubfs/mergerstat_em/monthly/US-Flashwire-Monthl…</a">Yep, here you go.
to things bruh. First the reason that many banks performed poorly is bc they allocated money for defaults. Secondly they donated a lot to covid relief. much more than UBS did. so once banks bounce back UBS is going back to bottom BB
What have I just read?
Not for the USB, the best BB among all BBs.