UBS misses 2019 targets despite 4Q net profit more than doubling

MarketWatch | Jan 21, 2020 at 6:30 AM
  • UBS Group AG missed its key targets for 2019 despite reporting a sharp increase in fourth-quarter net profit.
  • , one of the world’s largest wealth managers for rich clients, is revamping its investment bank and wealth management arms, shedding jobs and reorganizing businesses.
  • For the full year, UBS reported net profit of $4.30 billion on operating income of $28.89 billion.