UBS beats expectations with $1.2 billion fourth-quarter profit, plans $3 billion buyback

Core Insights - UBS reported a net profit of $1.2 billion for the fourth quarter, exceeding analysts' expectations of $919 million, but down from $2.5 billion in the previous quarter [1] Group Revenue - The group's revenues for the final quarter were $12.1 billion, matching analysts' forecasts, down from $12.8 billion in the previous quarter, and up from $11.6 billion in the same period last year [2]