Investing.com - UBS Group reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
UBS Group announced earnings per share of $0.43 on revenue of $7.93B. Analysts polled by Investing.com anticipated EPS of $0.38 on revenue of $7.65B. That with comparison to EPS of $0.28 on revenue of $7.22B in the same period a year before.UBS Group had reported EPS of $0.19 on revenue of $7.05B in the previous quarter.Analysts are expecting EPS of $0.31 and revenue of $7.37B in the upcoming quarter.
UBS Group shares are down 22.26% from the beginning of the year and are trading at $9.78 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
UBS Group follows other major Financial sector earnings this month
UBS Group's report follows an earnings missed by JPMorgan on April 14, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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