UBS Q4 Profit Down, Plans Dividend, $5 Bln Share Buy Back; Stock Up

Swiss banking giant UBS Group AG reported Tuesday weak profit in its fourth quarter, despite growth in investment bank profit and operating income. Going ahead, the company projects cost-to-income ratio of 70 percent to 73 percent, and return on CET1 capital of 15 percent to 18 percent. The company also sees 10 percent to 15 percent pre-tax profit growth at wealth management.

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