UBS Group (UBS) Q1 Earnings & Revenues Jump Y/Y, Expenses Rise

UBS Group AG (UBS) reported a first-quarter 2024 net profit attributable to shareholders of $1.75 billion, which surged 70.6% from the year-ago quarter.Results benefited from a rise in total revenues, driven in part by the acquisition of Credit Suisse. However, an increase in operating expenses, along with a significant rise in credit loss expenses, is a near-term concern.The performance of the Asset Management, Personal & Corporate Banking and Investment Bank divisions was impressive. However, Global Wealt ...