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Loftier goals for UBS

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 February 2022
The Swiss investment and financial services giant reported mixed figures for Q4 2021

UBS posted a net profit attributable to shareholders of $1.35 billion, lower than $1.64 billion reported during the same quarter a year earlier. However, the net profit came higher than the $863 million forecasted by analysts.

The quarterly figures pushed UBS’ full-year profit to $7.46 billion, above $6.98 billion consensus, and 14% higher than the company reported in 2020.

According to UBS CEO Ralph Hamers, the fourth quarter was a very good ending to a record year, the best year in 15 years, both from a pre-tax and a post-tax perspective.

For the future, UBS wants to impose a dividend to shareholders of 50 cents/share for 2021, up from 37 cents in 2020, and it plans to buy back $5 billion worth of shares in 2022. In its first major strategic update since Hamers took over in November 2020, UBS will aim for $6 trillion in invested assets across its global wealth management, asset management, and personal and corporate banking divisions.

At the moment of writing, UBS’s stock price was trading 5.89% higher.

Sources: cnbc.com, finance.yahoo.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.