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UBS makes bank on bargain-bin Credit Suisse acquisition
UBSUBS(UBS) Proactive Investors·2024-02-06 17:51

UBS Group AG (NYSE:UBS) has reported its fourth-quarter and full-year results for 2023, confirming financial targets and announcing plans for a 27% year-on-year increase in its dividend to 0.70pershare.Thebankalsointendstoreinstatesharerepurchasesinthesecondhalfof2024.Reportedpretaxlossesinthefourthquartercameto0.70 per share. The bank also intends to reinstate share repurchases in the second half of 2024. Reported pre-tax losses in the fourth quarter came to -751 million due to operating expenses related to the integration of Credit Suisse. Revenues were also impacted by UBS’s $500 million investment in SIX Group. For the ful ...