Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half

Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, launching a $1 billion share buyback program in the first half of 2025.The net profit figure compares with a mean forecast of $886.4 million in a LSEG poll of analysts and with a $483 million estimate in a company-provided estimate.Group revenue over the period hit $11.635 billion, versus analyst expectations of $11.64 billion in a LSEG analyst poll. After weathering the storm of a turbulent government-backed tie-up with fa ...