UBS AG Files 6-K for Q2 2024 Financials

TL;DR

UBS AG dropped its Q2 2024 6-K, check the numbers for PCBM and IB segments.

AI Summary

UBS AG filed a 6-K report on August 23, 2024, for the period ending June 30, 2024. The filing includes financial information for the second quarter of 2024, detailing segments like Personal & Corporate Banking (PCBM) and Investment Bank (IB). It also provides data on fair value hierarchy levels for various financial instruments as of June 30, 2024, and December 31, 2023.

Why It Matters

This filing provides investors with an update on UBS AG's financial performance and position as of the end of the second quarter of 2024, crucial for assessing the bank's stability and profitability.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) providing quarterly updates, not indicating any immediate or unusual risks.

Key Numbers

• Q2 2024 — Quarterly Financials (Reporting period for the financial data)

Key Players & Entities

• UBS AG (company) — Filer of the report
• 20240630 (date) — Period of report
• 20240823 (date) — Filing date

FAQ

Filing Documents

• ubsag-20240630.htm (6-K) — 6939KB
• ubsag-20240630p3i0.jpg (GRAPHIC) — 71KB
• ubsag-20240630p97i0.gif (GRAPHIC) — 3KB
• 0001114446-24-004271.txt ( ) — 24677KB
• ubsag-20240630.xsd (EX-101.SCH) — 175KB
• ubsag-20240630_cal.xml (EX-101.CAL) — 153KB
• ubsag-20240630_def.xml (EX-101.DEF) — 823KB
• ubsag-20240630_lab.xml (EX-101.LAB) — 1413KB
• ubsag-20240630_pre.xml (EX-101.PRE) — 925KB
• ubsag-20240630_htm.xml (XML) — 6500KB

financial statements

financial statements 45 UBS AG interim consolidated financial 84 Comparison between UBS AG consolidated and UBS Group AG consolidated Appendix 86 Alternative performance measures 90 Abbreviations frequently used in our financial reports 92 Information sources 93 Cautionary statement Corporate calendar UBS AG Information about future publication dates is available at ubs.com/global/en/investor-relations/events/calendar.html Contacts General inquiries ubs.com/contact Zurich +41-44-234 1111 London +44-207-567 8000 New York +1-212-821 3000 Hong Kong +852-2971 8888 Singapore +65-6495 8000 Investor Relations UBS's Investor Relations team manages relationships with institutional investors, research analysts and credit rating agencies. ubs.com/investors Zurich +41-44-234 4100 New York +1-212-882 5734 Media Relations UBS's Media Relations team manages relationships with global media and journalists. ubs.com/media Zurich +41-44-234 8500 mediarelations@ubs.com London +44-20-7567 4714 ubs-media-relations@ubs.com New York +1-212-882 5858 mediarelations@ubs.com Hong Kong +852-2971 8200 sh-mediarelations-ap@ubs.com Imprint Publisher: UBS AG, Zurich, Switzerland | ubs.com Language: English UBS 2024. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. UBS AG second quarter 2024 report 2 Terms used in this report, unless the context requires otherwise "UBS," "UBS Group," "UBS Group AG consolidated," "Group" and "the Group" UBS Group AG and its consolidated subsidiaries "UBS AG," "UBS AG consolidated," "we," "us" and "our" UBS AG and its consolidated subsidiaries "Credit Suisse AG" and "Credit Suisse AG consolidated" Credit Suisse AG and its consolidated subsidiaries before the merger with UBS AG "Credit Suisse Group" and "Credit Suisse Group AG consolidated" Pre-acquisition Credit Suisse Group "Credit Suisse" Credit Suisse AG a

properties

properties and leasehold improvements in depreciation, amortization and impairment of non-financial assets. Total revenues: 2Q24 vs 2Q23 Net interest income and other net income from financial instruments measured at fair value through profit or loss Total combined net interest income and other net income from financial instruments measured at fair value through profit or loss increased by USD 351m to USD 3,993m, mainly driven by increases in the Investment Bank, Non-core and Legacy, and Personal & Corporate Banking, partly offset by a decrease in Global Wealth Management. The Investment Bank increased by USD 289m to USD 1,507m, due to an increase in Global Banking, mainly from higher revenues across Public Capital Markets. In addition, there was an increase in Execution Services revenues, due to increases in Cash Equities across all regions, as well as higher revenues in Derivatives & Solutions, reflecting increases across all products. Non-core and Legacy increased by USD 95m to USD 121m, mainly due to the consolidation of Credit Suisse AG revenues for one month. Total revenues reflected net gains from position exits, along with net interest income from securitized products and credit products. Personal & Corporate Banking increased by USD 77m to USD 1,023m, largely due to the consolidation of Credit Suisse AG revenues, partly offset by lower net interest income due to higher liquidity costs, as well as lower deposit margins resulting from shifts to lower-margin deposit products. Global Wealth Management decreased by USD 74m to USD 1,640m, mainly due to lower net interest income driven by lower deposit margins, including the effects of shifts to lower-margin deposit products, partly offset by higher rates and deposit volumes, as well as higher liquidity costs and lower loan revenues, reflecting lower average volumes, partly offset by the consolidation of

View Full Filing

View this 6-K filing on SEC EDGAR