UBS Group AG Files 6-K Report
Ticker: UBS · Form: 6-K · Filed: Feb 5, 2025 · CIK: 1610520
| Field | Detail |
|---|---|
| Company | Ubs Group Ag (UBS) |
| Form Type | 6-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: regulatory-filing, 6-K, corporate-information
TL;DR
UBS Group AG filed a 6-K on Feb 5, 2025, with key details for investors.
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 and UBS AG, with principal executive offices located in Zurich, Switzerland. UBS Group AG's SEC file number is 1-36764, and UBS AG's is 001-15060.
Why It Matters
This filing provides updated information for investors regarding UBS Group AG and its subsidiary UBS AG, which is crucial for understanding the company's ongoing regulatory and financial disclosures.
Risk Assessment
Risk Level: low — This is a routine filing (6-K) that primarily provides updated corporate information and does not appear to contain significant new financial or operational developments.
Key Players & Entities
- UBS Group AG (company) — Registrant
- UBS AG (company) — Registrant
- February 5, 2025 (date) — Filing Date
- February 4, 2025 (date) — Period of Report Date
- 1-36764 (other) — UBS Group AG SEC File Number
- 001-15060 (other) — UBS AG SEC File Number
FAQ
What is the purpose of a Form 6-K filing?
A Form 6-K is a report of foreign private issuers pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934, used to furnish information which the registrant may be required to disclose or make public pursuant to the laws of its home country or the rules of any stock exchange on which it is listed.
What is the filing date of this specific 6-K report?
The filing date of this specific 6-K report is February 5, 2025.
What period does this 6-K report cover?
This 6-K report is conformed as of the period of report date February 4, 2025.
What are the SEC file numbers for UBS Group AG and UBS AG?
The SEC file number for UBS Group AG is 1-36764, and for UBS AG it is 001-15060.
Where are the principal executive offices of UBS Group AG and UBS AG located?
The principal executive offices for both UBS Group AG and UBS AG are located at Bahnhofstrasse 45, 8001 Zurich, Switzerland.
Filing Stats: 4,476 words · 18 min read · ~15 pages · Grade level 12.3 · Accepted 2025-02-05 13:24:46
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