Futu News reported on January 22 that UBS released its four-quarter report before the market. According to the report, revenue for the fourth quarter was 6.97 billion US dollars; the proposed dividend was 0.706 Swiss francs per share, an increase of 8% over the previous year.
Among them, the wealth and asset management business recorded a total net outflow of 12.8 billion US dollars in the fourth quarter; the global wealth management business had a net outflow of 7.9 billion US dollars, and the asset management business had a net outflow of 4.9 billion US dollars.
The company's profit before tax for the full year of 2018 increased 19% year over year to US$6.373 billion, and adjusted pre-tax profit increased 2% year over year to US$6.445 billion. Additionally, UBS plans to repurchase no more than $1 billion worth of shares in 2019.
According to the UBS CEO, the fourth quarter results of the wealth management business did not meet expectations. Investor confidence is still at a high level, but more people are beginning to wait and see with coins, and Asian customers have become more cautious.