The latest announcement is out from ETRACS Alerian MLP Index ETN Class B ( (AMUB) ).
UBS Group AG reported strong financial results for the fourth quarter of 2024, showcasing a significant improvement in profitability and market positioning. The company achieved a full-year net profit of 5.1 billion, reflecting an 8.7% return on CET1 capital, supported by strategic investments in its global asset-gathering platform and investment banking operations. UBS successfully navigated the integration of Credit Suisse, reducing execution risks and achieving major legal entity mergers and client account migrations in key regions. The company’s robust capital position, with a CET1 capital ratio of 14.3%, enables it to propose a 29% higher dividend for 2024, while continuing to invest in technology and capabilities to drive sustainable growth. UBS’s Global Wealth Management division saw a notable increase in pre-tax profit and net new assets, highlighting its ability to retain assets and increase profitability despite market challenges.
More about ETRACS Alerian MLP Index ETN Class B
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