Quarterly reporting

4Q and full-year 2019

2019 net profit USD 4.3bn, 12.4% return on CET1 capital

  • 2019 reported PBT USD 5.6bn; adjusted1 PBT USD 6.0bn
  • 4Q19 reported PBT USD 0.9bn; adjusted1 PBT USD 1.2bn
  • 2019 reported RoCET12 12.4%; diluted EPS USD 1.14; TBVPS USD 13.29
  • CET1 capital ratio 13.7% and CET1 leverage ratio 3.9%; tier 1 leverage ratio4 5.7%
  • 2019 ordinary dividend USD 0.73 per share proposed; repurchased USD 0.8bn of shares in 2019; total pay-out ratio of 80%
  • Targeting reported RoCET12 of 12-15% in 2020-2022 and reiterating growth ambitions in GWM, supporting UBS’s attractive capital returns profile

Interview with Sergio P. Ermotti

UBS Group CEO comments on our fourth-quarter and full-year 2019 results.

Third-quarter 2019

3Q19 net profit USD 1,049m

  • Reported PBT USD 1.3bn; adjusted1 PBT USD 1.5bn
  • Reported RoCET12 12.1% for 3Q19 and 13.8% for 9M19
  • CET1 capital ratio 13.1% and CET1 leverage ratio 3.8%; tier 1 leverage ratio3 5.6%
  • Invested assets of USD 3.4trn in GWM and AM combined, with NNM of USD 49bn
  • UBS confirmed leader in Dow Jones Sustainability Index for fifth year running

Second-quarter 2019

2Q19 net profit USD 1.4bn, highest 2Q since 2010

  • 1H19 net profit2 of USD 2.5bn; 1H19 reported RoCET13 14.6%
  • 2Q19 reported and adjusted1 PBT USD 1.8bn
  • 2Q19 reported RoCET13 16.0%; diluted EPS USD 0.37, +2% YoY
  • CET1 capital ratio 13.3% and CET1 leverage ratio 3.8%; tier 1 leverage ratio4 5.5%
  • Record invested assets of USD 3.3trn in GWM and AM combined
  • Record GWM Americas PBT; very strong IB CCS performance
  • UBS and BOTTLETOP launch #TOGETHERBAND in support of the UN Sustainable Development Goals

First-quarter 2019

1Q19 net profit USD 1.1bn

  • Reported PBT at USD 1.5bn and adjusted1 at USD 1.6bn
  • Diluted EPS USD 0.30; reported RoCET12 13.3%
  • CET1 capital ratio 13.0% and CET1 leverage ratio 3.8%; tier 1 leverage ratio3 5.4%
  • Strong GWM net new money growth with invested assets up 8% or USD 172bn QoQ, record APAC invested assets above USD 400bn
  • UBS included in Climate A List, CDP's highest ranking, for third year running