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UBS (UBSG SW) CEO says Q3 is progressing well against its plan with good growth momentum, wealth management remains strong and transaction activity is expected to increase Y/Y

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UBS reported strong Q3 momentum and wealth management alongside expected transaction growth, while noting AT1 cost impacts and reaffirming capital return commitments.

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Says that AT1 proposal still increases costs and that the fee pool is going to be down. Sees lending growth in the US. Confident that they will deliver on buyback expectations. Focus is on growing cash dividend.

1 stocks
UBSUBS Group AG$50.10Current price

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