UBS, Credit Suisse File Routine 6-K; No New Financials

TL;DR

**Just a routine regulatory filing, nothing new to see here for UBS or Credit Suisse.**

AI Summary

This 6-K filing, dated February 6, 2024, is a routine report from UBS Group AG, UBS AG, and Credit Suisse AG, all based in Switzerland. It primarily updates their registration information with the SEC, including their principal executive offices in Zurich and Basel, and confirms their status as foreign private issuers. For investors, this filing is a standard compliance update and doesn't contain new financial or operational news that would directly impact the stock price, but it confirms the ongoing regulatory reporting for these major financial institutions.

Why It Matters

This filing is a standard regulatory update, confirming the companies' compliance with SEC reporting requirements as foreign private issuers. It doesn't contain new financial or operational information that would directly affect an investor's decision.

Risk Assessment

Risk Level: low — This is a procedural filing with no new material information that would introduce or change investment risk.

Analyst Insight

Smart investors would recognize this as a routine compliance filing and not expect any immediate stock price movement or fundamental business changes based on this document alone. It's a confirmation of ongoing regulatory adherence.

Key Players & Entities

• UBS Group AG (company) — Registrant's Name
• UBS AG (company) — Registrant's Name
• Credit Suisse AG (company) — Registrant's Name
• February 6, 2024 (date) — Date of filing
• Bahnhofstrasse 45, 8001 Zurich, Switzerland (location) — Principal executive office of UBS Group AG and UBS AG
• Aeschenvorstadt 1, 4051 Basel, Switzerland (location) — Additional principal executive office of UBS AG
• Paradeplatz 8, 8001 Zurich, Switzerland (location) — Principal executive office of Credit Suisse AG

FAQ

Filing Documents

• edgarq23ubsgroupag.htm (6-K) — 2591KB
• edgarq23ubsgroupagp3i0.jpg (GRAPHIC) — 71KB
• edgarq23ubsgroupagp85i0.gif (GRAPHIC) — 3KB
• 0001610520-24-000018.txt ( ) — 2697KB

business

business results. A definition of each APM, the method used to calculate it and the information content are presented under "Alternative performance measures" in the appendix to this report. Our APMs may qualify as non-GAAP measures as defined by US Securities and Exchange Commission (SEC) regulations. Our underlying results are APMs and are non-GAAP financial measures. Refer to the "Group performance" section of this report and to "Alternative performance measures" in the appendix to this report for additional information about underlying results Comparability Comparative information in this report is presented as follows. Profit and loss information for the fourth and third quarters of 2023 is presented on a consolidated basis, including for each quarter Credit Suisse data for three months. Information for the prior-year quarters includes pre-acquisition UBS data only. Year-to-date information for 2023 includes seven months (from June to December, inclusive) of Credit Suisse data. Comparative year-to-date information for 2022 includes pre-acquisition UBS data only. Balance sheet information as at 31 December 2023 and 30 September 2023 includes UBS and Credit Suisse consolidated information. Prior balance sheet dates reflect pre-acquisition UBS information only. UBS Group fourth quarter 2023 report 3 Our key figures As of or for the quarter ended As of or for the year ended USD m, except where indicated 31.12.23 30.9.23 1 31.12.22 31.12.23 31.12.22 Group results Total revenues 10,855 11,695 8,029 40,834 34,563 Negative goodwill 28,925 Credit loss expense / (release) 136 239 7 1,037 29 Operating expenses 11,470 11,640 6,085 38,806 24,930 Operating profit / (loss) before tax (751) (184) 1,937 29,916 9,604 Net profit / (loss) attributable to shareholders (279) (715) 1,653 29,027 7,630 Diluted earnings per shar

View Full Filing

View this 6-K filing on SEC EDGAR