Swiss banking giant UBS saw its net profit fall 23% in the second quarter as the COVID-19 took its toll and the bank warned of further credit losses due to the pandemic.
Link to news report hereNet income fell from just shy of $1.6 billion in the first quarter, to $1.23 billion in the second, 23%. On a year-on-year basis, profits fell 11% from the $1.39 billion income seen in the second quarter of 2019.
The bank also reported credit losses of $272 million in the second quarter and $540 million for the first half of the year as it warned of further losses due to COVID-19.
Swiss banking giant UBS saw its net profit fall 23% in the...
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.751B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.19 | $2.08 | $37.25M | 17.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 134476 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 90343 | 8 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |