UBS quarterly profit beats expectations, plans more buybacks

Core Insights - UBS reported a net profit of $1.2 billion for the fourth quarter, representing a 56% year-on-year increase and surpassing the consensus forecast of $919 million provided by the company [1] Financial Performance - The net profit of $1.2 billion indicates strong financial performance for UBS in the fourth quarter [1] - The year-on-year growth of 56% highlights significant improvement compared to the previous year's performance [1] - The actual profit exceeded the company's own forecast, indicating better-than-expected results [1]