UBS Results Presentation Deck
Investment Bank
Profit before tax
m
Operating
income
m
Cost / income ratio
Global
Banking
Global
Markets
612
2,268
525
1,821
(78)
632
71%
2Q20
2,485
651
215¹
1,634
(15)
+9%
74%
3Q20
529
+9%
2,011
669
1,433
Credit loss (expenses) /releases
(91)
71%
4Q20
412
2,273
788
1,483
2
82%
1Q21
UBS 1215m gain on the sale of intellectual property rights associated with the Bloomberg Commodity Index family
668
2,470
881
1,567
21
74%
2Q21
ROAE 21%; PBT 668m, +9%
Global Markets revenues (14%)
Execution Services 443m, +5% driven by cash
equities
Derivatives & Solutions 773m, (18%) against.
strong 2Q20 in rates, FX and credit, partially
offset by higher revenues in equity derivatives
Financing 352m, (22%) including an 87m loss
related to the default of a prime brokerage
client in 1Q21
Of which:
-
Equities 1,194m, +23%
FRC 373m, (56%)
Global Banking revenues +68%
Advisory 300m, +223% driven by M&A
Capital Markets 581m, +35% on elevated
IPO and follow-on activity in ECM
-
Operating expenses +9% driven by currency
effects, litigation and restructuring expenses
RWA 92bn, (3%) QoQ; LRD 325bn, (1%) QoQ
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