Investment banking company UBS Group AG reported on Tuesday it booked a $1.73 billion net profit, down by 31% from the third-quarter results of 2021.
During the same period, the company’s operating profit decreased to $2.32 billion, from last year’s $2.86 billion, while its diluted earnings per share for the three months’ period stood at $0.52, down by $0.11 year-on-year.
«Our globally diversified and client-centric model combined with a balance sheet for all seasons is a competitive advantage, enabling us to deliver attractive and sustainable returns to shareholders.» Group CEO Ralph Hamers said, noting that the company delivered «good results» in a «challenging environment.»