UBS Group AG Files 6-K Report

TL;DR

UBS Group AG filed a routine 6-K update on Feb 5, 2025, with no major news.

AI Summary

UBS Group AG filed a Form 6-K on February 5, 2025, reporting information as of February 4, 2025. The filing includes details for both UBS Group AG (Central Index Key: 0001610520) and UBS AG (Central Index Key: 0001114446), both based in Zurich, Switzerland. The filing is related to the Securities Exchange Act of 1934.

Why It Matters

This filing provides updated information for UBS Group AG and its subsidiary UBS AG, which is crucial for investors and regulators to stay informed about the company's ongoing reporting obligations.

Risk Assessment

Risk Level: low — This is a standard regulatory filing (6-K) that typically reports information already made public or required by foreign regulators, without new material financial events.

Key Players & Entities

• UBS Group AG (company) — Registrant
• UBS AG (company) — Registrant
• 0001610520 (company) — Central Index Key for UBS Group AG
• 0001114446 (company) — Central Index Key for UBS AG
• February 5, 2025 (date) — Filing Date
• February 4, 2025 (date) — Period of Report Date

FAQ

Filing Documents

• 6k20250205invpr.htm (6-K) — 448KB
• 0001610520-25-000004.txt ( ) — 449KB

underwriting

underwriting standards from the pre-acquisition period. We expect CLE to remain elevated at around 350 million Swiss francs in 2025 as we continue to build allowances for pre-acquisition Credit Suisse portfolios, with many exposures still having more than a year until maturity. In the first quarter, we may see lower CLE versus the implied quarterly average due to seasonal factors. 6 Operating expenses in P&C were 1.1 billion Swiss francs, up 2%, and flat sequentially, as the

business

business offset increased investments in building up support functions related to its larger footprint through cost reduction initiatives and synergy realization. Slide 8 – Asset Management Moving to Asset Management, on slide 8. Pre-tax profit increased by 20% to 224 million as strong cost discipline more than offset lower revenues. Overall revenues were down 7%, or 6% excluding gains on asset sales. Net management fees declined by 5%, mainly from continuing shifts out of active equities compressing top-line margins. Performance fees were 44 million, compared to 52 million in the prior year quarter, with improvement in hedge fund solutions more than offset by decreases across other products, including Fixed Income funds. Net new money in the quarter was positive 33 billion, led by a large institutional inflow in passive Equities and net flows into money market funds. For the full-year 2024, net new money was 45 billion, a strong result in light of flow dis-synergies we were expecting from integrating Credit Suisse Asset Management. Operating expenses were 15% lower, both year-over-year and sequentially, as the business is demonstrating good progress in transforming its operating model and driving cost saves. Slide 9 – Investment Bank On to slide 9 and the Investment Bank. Pre-tax profit of 452 million was driven by strong revenue performance, up 37% year-on-year. Banking revenues increased by 19% to 675 million, with advisory, up 36%, and LCM, which more than doubled its revenues, the main drivers of growth. Regionally, we saw particular strength in the Americas, up 33%. Markets revenues increased by 44% to 1.9 billion with increased client activity on higher cash volumes and supportive volatility across equities and FX. This led to our best fourth quarter Markets revenue on record with particular strength in financing supported by all-time-high client balances. F

View Full Filing

View this 6-K filing on SEC EDGAR