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UBS (UBS): Q4 net loss 1.89B Swiss francs ($2.08B) vs net profit of 323M francs last year and...

  • Tuesday, February 5, 1:55 AM ET
    UBS (UBS): Q4 net loss 1.89B Swiss francs ($2.08B) vs net profit of 323M francs last year and consensus for loss of 2.16B francs. Loss is due to a $1.5B penalty for manipulating inter-bank interest rates and because of charges from a restructuring plan in which it is laying off 10,000 staff. Ups dividend to 15 centimes a share from 10 centimes last year. (PR)
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    Economist The Swiss cantonal banks make a lot of sense. Having owned various ones since March 2003, the canton has half the share base and private shareholders the other half. My first one was Banque Cantonal du Jura long term profitable and solid dividend. Truly banks run as utilities, not as "giant vampire squids"(Thank you MattT.) GO BREWERS!!!
    5 Feb, 05:34 AM Reply Like
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