UBS’ third-quarter underlying pretax profit rose 14%, but only about 7% excluding a one-off legal gain. Earnings growth is slowing. Lower costs offset slightly weak revenue outside securities trading, but core revenue came in 3% below company consensus.
UBS' Swiss, European, and Asian wealth management operations are highly profitable, bolstered by its market-leading position in the high- and ultra-high-net-worth markets.
The Credit Suisse merger and the likely steep increase in minimum capital requirements make it very challenging for UBS to return to its premerger profitability ambitions.
Metric | UBSG | MS | GS |
|---|---|---|---|
Price/Earnings (Normalized) | 14.81 | 13.65 | 11.39 |
Price/Book Value | 1.66 | 2.73 | 2.53 |
Price/Sales | 3.11 | 3.95 | 4.00 |
Price/Cash Flow | 6.23 | 10.41 | 8.91 |
Metric | UBSG | MS | GS |
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
Metric | UBSG | MS | GS |
|---|---|---|---|
Return on Assets (Normalized) | 0.77% | 1.45% | 1.27% |
Return on Equity (Normalized) | 14.13% | 21.58% | 24.43% |
Return on Invested Capital (Normalized) | — | — | — |
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| Mitsubishi UFJ Financial Group Inc ADR MUFG | LOCK|FsWS$q | LOCK|<$< | $245B | |||
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| Citigroup Inc C | LOCK|M^@!?z | LOCK|j?> | $202B | |||
| Banco Santander SA ADR SAN | LOCK|wl<TDN | LOCK|Rt!<d | $182B | |||
| UBS Group AG Registered Shares UBS | LOCK|wZdM## | LOCK|B<>v | $150B |
United States