Swiss Bank UBS Shares Rocket on Earnings Beat | The Pulse with Francine Lacqua 05/07/24
May 7, 2024
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43:12Now PlayingSwiss Bank UBS Shares Rocket on Earnings Beat | The Pulse with Francine Lacqua 05/07/24
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as posted by the channelUBS share gained the most in more than a year on Tuesday after reporting upbeat 1Q results. Driven by wealth and IB units, the Zurich-based bank returned to profit after two loss-making quarters. CEO Sergio Ermotti tells Bloomberg the 'debate is still premature' on Swiss government plans to increase the capital requirements for UBS. In the energy sector, Saudi Aramco shares rose after reporting results that largely met estimates. BP shares slid as its 1Q adjusted net income missed estimates.
Today's guests: Simon Dangoor, Goldman Sachs Asset Management; George Saravelos, Deutsche Bank
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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