ZURICH–(BUSINESS WIRE)–Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): 4Q24 and FY24 highlights

4Q24 Performance

UBS reported a strong performance in the fourth quarter of 2024, with a pre-tax profit of USD 1.0 billion and an underlying pre-tax profit of USD 1.8 billion, marking a significant 198% year-over-year increase. The net profit for the quarter was USD 0.8 billion, with a Return on Common Equity Tier 1 (RoCET1) of 4.2% and an underlying RoCET1 of 7.2%.

FY24 Results

For the full year 2024, UBS reported a pre-tax profit of USD 6.8 billion and a net profit of USD 5.1 billion. The underlying pre-tax profit for the year stood at USD 8.8 billion, with an underlying RoCET1 of 8.7%. The strong performance was driven by the continued strength of the UBS franchise, which resulted in significant client momentum.

Client Momentum

UBS witnessed strong client momentum in its Global Wealth Management division, with USD 18 billion of net new assets added in the fourth quarter and a total of USD 97 billion for the full year 2024. This growth in assets under management reflects the trust and confidence clients have in UBS’s ability to deliver value and results.

Impact on Individuals

The strong financial performance of UBS is a positive sign for individual investors and clients who have entrusted their assets to the bank. It demonstrates UBS’s stability and ability to generate returns for its clients, which bodes well for individuals looking to grow their wealth and secure their financial future.

Global Effect

UBS’s strong performance also has a positive impact on the global financial landscape. As one of the leading global financial institutions, UBS’s success sends a strong signal to the market and investors, contributing to overall market confidence and stability. The significant client momentum and growth in assets under management also indicate a healthy global economy and increased investor trust.

Conclusion

In conclusion, UBS’s impressive performance in the fourth quarter and full year 2024 showcases the strength and resilience of the bank’s franchise. The growth in assets under management and profitability reflect UBS’s commitment to delivering value for its clients and investors. The positive impact of UBS’s success is felt both at the individual level, where clients benefit from the bank’s stability and returns, and on a global scale, where UBS’s performance contributes to market confidence and economic growth.