Xiaomaomi
2021-04-27
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UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion<blockquote>瑞银因Archegos丑闻遭受打击，公布第一季度净利润18亿美元</blockquote>
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We are all clearly disappointed and are taking this very seriously,” it said in a statement.</p><p><blockquote>该公司在一份声明中表示：“我们第一季度的业绩还考虑了与一家美国大宗经纪客户违约相关的损失。我们显然都感到失望，并非常认真地对待这一问题。”</blockquote></p><p>“A detailed review of our relevant risk management processes is underway and appropriate measures are being put in place to avoid such situations in the future.”</p><p><blockquote>“我们正在对相关风险管理流程进行详细审查，并采取适当措施以避免未来出现此类情况。”</blockquote></p><p>The bank said profit was $434 million lower as a result of the default.</p><p><blockquote>该银行表示，违约导致利润减少4.34亿美元。</blockquote></p><p>Analysts had forecast net income to come in at $1.6 billion over the period, according to Refinitiv.</p><p><blockquote>据Refinitiv称，分析师此前预测该期间净利润为16亿美元。</blockquote></p><p><b>Group highlights </b></p><p><blockquote><b>集团亮点</b></blockquote></p><p><b>− Building on client connectivity through advice, solutions and thought leadership in a dynamic environment: </b></p><p><blockquote><b>−在动态环境中通过建议、解决方案和思想领导力建立客户联系：</b></blockquote></p><p>Our clients continued to put their trust in us and benefitted from the full spectrum of our business mix and geographical diversification. This, together with favorable market conditions and investor sentiment, led to higher recurring revenues YoY, while strong client activity drove transaction income, as well as an increase in lending across our businesses.</p><p><blockquote>我们的客户继续信任我们，并受惠于我们全方位的业务组合及地域多元化。再加上有利的市场条件和投资者情绪，导致经常性收入同比增加，而强劲的客户活动推动了交易收入以及我们业务贷款的增加。</blockquote></p><p><b>− 1Q21 financials: </b>PBT was USD 2,298m (up 14% YoY), including net credit loss releases of USD 28m. The cost/income ratio was 73.8%, 1.5 percentage points higher YoY. Operating income increased by 10% YoY, while operating expenses increased by 8%. Net profit attributable to shareholders was USD 1,824m (up 14% YoY), with diluted earnings per share of USD 0.49. Return on CET1 capital1 was 18.2%. The default by a US-based client of our prime brokerage business resulted in an impact on net profit attributable to shareholders of USD 434m.</p><p><blockquote><b>−2021年第一季度财务状况：</b>PBT为22.98亿美元（同比增长14%），包括2800万美元的净信用损失释放。成本收入比为73.8%，同比上升1.5个百分点。营业收入同比增长10%，营业费用增长8%。归属于股东的净利润为18.24亿美元（同比增长14%），摊薄后每股收益为0.49美元。CET1 capital1回报率为18.2%。我们大宗经纪业务的美国客户违约导致股东应占净利润4.34亿美元的影响。</blockquote></p><p><b>− Our strong capital position supports growth and shareholder returns:</b> The quarter-end CET1 capital ratio was 14.0% (guidance: ~13%) and the CET1 leverage ratio was 3.89% (guidance: >3.7%), both up QoQ. We paid the 2020 ordinary dividend of USD 0.37 per share in April 2021 (USD 1.3bn) and we repurchased USD 1.1bn of shares year-todate. We will resume repurchasing shares shortly.</p><p><blockquote><b>−我们强大的资本状况支持增长和股东回报：</b>季末CET1资本率为14.0%（指导：~13%），CET1杠杆率为3.89%（指导：>3.7%），均环比上升。我们于2021年4月支付了每股0.37美元（13亿美元）的2020年普通股股息，并于年初至今回购了11亿美元的股票。我们将很快恢复回购股份。</blockquote></p><p><b>− Unlocking the power of UBS:</b> We have unveiled our purpose statement: Reimagining the power of investing. Connecting people for a better world. Our purpose – together with our new strategic framework consisting of our vision, client promise, strategic imperatives, and sustainability commitments – maps out the next steps in our firm’s journey</p><p><blockquote><b>−释放瑞银的力量：</b>我们公布了我们的宗旨声明：重新想象投资的力量。为了一个更美好的世界而连接人们。我们的目标——连同我们的新战略框架，包括我们的愿景、客户承诺、战略要务和可持续发展承诺——规划了我们公司旅程的下一步</blockquote></p><p><b>Ralph Hamers, UBS’s CEO said: </b></p><p><blockquote><b>瑞银首席执行官拉尔夫·哈默斯(Ralph Hamers)表示：</b></blockquote></p><p>“In the first quarter of 2021, our clients benefited from our broad capabilities, geographic reach and connectivity. They continued to put their trust in us and looked to UBS for advice, solutions and thought leadership in a dynamic market environment. This was evidenced by the continued net inflows that helped our invested assets across wealth and asset management grow by over 100 billion dollars to 4.2 trillion. This, together with favorable market conditions and improved investor sentiment, contributed to positive results in the first quarter of 2021. All in all, we saw record activity across our client franchises, resulting in operating income being up 10%, profit before tax up 14%, and net profit attributable to shareholders up 14%, compared with the first quarter of 2020 which was strong in itself.</p><p><blockquote>“2021年第一季度，我们的客户受益于我们广泛的能力、地理覆盖范围和连通性。他们继续信任我们，并在动态的市场环境中向瑞银寻求建议、解决方案和思想领导力。持续的净流入帮助我们在财富和资产管理领域的投资资产增长了超过1000亿美元，达到4.2万亿美元。这一点，加上有利的市场条件和投资者情绪的改善，为2021年第一季度的积极业绩做出了贡献。总而言之，与2020年第一季度相比，我们的客户特许经营活动创历史新高，营业收入增长10%，税前利润增长14%，股东应占净利润增长14%。</blockquote></p><p>However, our first quarter results also factored in a loss related to the default by a single US-based prime brokerage client. We are all clearly disappointed and are taking this very seriously. A detailed review of our relevant risk management processes is underway and appropriate measures are being put in place to avoid such situations in the future. This never impeded our ability to serve our clients. We were still able to increase our CET1 capital ratio to 14% and deliver a return on CET1 capital of 18%. Our Investment Bank fully absorbed this loss, yet still delivered a 13% return on attributed equity, which would have been in excess of 30% had it not been for this incident.</p><p><blockquote>然而，我们第一季度的业绩还考虑了与单一美国大宗经纪客户违约相关的损失。我们显然都很失望，并非常认真地对待这件事。我们现正详细检讨相关风险管理程序，并采取适当措施以避免日后出现此类情况。这从未妨碍我们为客户服务的能力。我们仍然能够将CET1资本比率提高到14%，并实现18%的CET1资本回报率。我们的投资银行完全吸收了这一损失，但仍实现了13%的权益回报率，如果没有这一事件，该回报率将超过30%。</blockquote></p><p>Our financial strength and ability to weather all seasons, together with our unique positioning as the largest truly global wealth manager, enable us to look to our future with confidence. In an ever-evolving world, we, too, must continue to improve and adapt. That’s why I’m proud to unveil our new strategy today. It all starts with our purpose, our why: Reimagining the power of investing. Connecting people for a better world.</p><p><blockquote>我们的财务实力和全天候能力，加上我们作为最大的真正全球财富管理公司的独特定位，使我们能够充满信心地展望未来。在一个不断发展的世界里，我们也必须不断改进和适应。这就是为什么我今天很自豪地公布我们的新战略。这一切都始于我们的目的，我们的原因：重新想象投资的力量。为了一个更美好的世界而连接人们。</blockquote></p><p><b>Outlook </b></p><p><blockquote><b>世界观</b></blockquote></p><p></p><p>Investor sentiment remained positive in the first quarter of 2021, helped by the strong rebound in economic activity and greater optimism regarding the further recovery, supported by mass COVID-19 vaccination campaigns around the globe. Significant fiscal stimulus, notably in the US, along with the prospect of continued accommodative monetary policy, contributed to generally more positive views on the timing and extent of a sustainable economic recovery.</p><p><blockquote>2021年第一季度，投资者情绪仍然乐观，这得益于经济活动的强劲反弹和对进一步复苏的更大乐观，以及全球大规模COVID-19疫苗接种活动的支持。重大财政刺激（尤其是在美国），加上持续宽松货币政策的前景，使人们对可持续经济复苏的时间和程度普遍持更积极的看法。</blockquote></p><p>However, economic, social, and geopolitical tensions remain, raising questions around the sustainability and shape of the recovery. Persistently high numbers of COVID-19 infections and hospitalizations, as well as lockdowns and similar measures imposed to control the pandemic, add to these existing concerns, as well as the severity and duration of the effects of the pandemic in certain economic sectors.</p><p><blockquote>然而，经济、社会和地缘政治紧张局势依然存在，引发了人们对复苏可持续性和形式的质疑。新冠肺炎感染和住院人数持续居高不下，以及为控制疫情而实施的封锁和类似措施，加剧了这些现有的担忧，以及疫情对某些经济部门影响的严重性和持续时间。</blockquote></p><p>Our clients value strength and expert guidance, particularly in these uncertain times, and we remain focused on supporting them with advice and solutions. We expect our revenues in the second quarter of 2021 to be influenced by seasonal factors, such as lower client activity compared with the first quarter of 2021. Higher asset prices should have a positive effect on recurring fee income in our asset gathering businesses. However, the continued uncertainty about the environment and economic recovery could affect both asset prices and client activity.</p><p><blockquote>我们的客户重视实力和专家指导，尤其是在这个不确定的时期，我们仍然专注于为他们提供建议和解决方案。我们预计2021年第二季度的收入将受到季节性因素的影响，例如与2021年第一季度相比，客户活动减少。较高的资产价格应该会对我们资产收集业务的经常性费用收入产生积极影响。然而，环境和经济复苏的持续不确定性可能会影响资产价格和客户活动。</blockquote></p><p>With our balance sheet for all seasons and our diversified business model, UBS remains well positioned to drive sustainable long-term value for our clients and shareholders.</p><p><blockquote>凭借我们全天候的资产负债表和多元化的业务模式，瑞银仍然处于有利地位，可以为我们的客户和股东创造可持续的长期价值。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion<blockquote>瑞银因Archegos丑闻遭受打击，公布第一季度净利润18亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUBS takes a hit from Archegos scandal as it reports first-quarter net profit of $1.8 billion<blockquote>瑞银因Archegos丑闻遭受打击，公布第一季度净利润18亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-04-27 13:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the scandal involving Archegos Capital.</p><p><blockquote>瑞银周二公布2021年第一季度净利润为18亿美元，透露Archegos Capital丑闻对盈利造成了打击。</blockquote></p><p><img src=\"https://static.tigerbbs.com/4d55c6e9839c4187b6ae709649525b42\" tg-width=\"1003\" tg-height=\"699\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>“Our first quarter results also factored in a loss related to the default by a single US-based prime brokerage client. We are all clearly disappointed and are taking this very seriously,” it said in a statement.</p><p><blockquote>该公司在一份声明中表示：“我们第一季度的业绩还考虑了与一家美国大宗经纪客户违约相关的损失。我们显然都感到失望，并非常认真地对待这一问题。”</blockquote></p><p>“A detailed review of our relevant risk management processes is underway and appropriate measures are being put in place to avoid such situations in the future.”</p><p><blockquote>“我们正在对相关风险管理流程进行详细审查，并采取适当措施以避免未来出现此类情况。”</blockquote></p><p>The bank said profit was $434 million lower as a result of the default.</p><p><blockquote>该银行表示，违约导致利润减少4.34亿美元。</blockquote></p><p>Analysts had forecast net income to come in at $1.6 billion over the period, according to Refinitiv.</p><p><blockquote>据Refinitiv称，分析师此前预测该期间净利润为16亿美元。</blockquote></p><p><b>Group highlights </b></p><p><blockquote><b>集团亮点</b></blockquote></p><p><b>− Building on client connectivity through advice, solutions and thought leadership in a dynamic environment: </b></p><p><blockquote><b>−在动态环境中通过建议、解决方案和思想领导力建立客户联系：</b></blockquote></p><p>Our clients continued to put their trust in us and benefitted from the full spectrum of our business mix and geographical diversification. This, together with favorable market conditions and investor sentiment, led to higher recurring revenues YoY, while strong client activity drove transaction income, as well as an increase in lending across our businesses.</p><p><blockquote>我们的客户继续信任我们，并受惠于我们全方位的业务组合及地域多元化。再加上有利的市场条件和投资者情绪，导致经常性收入同比增加，而强劲的客户活动推动了交易收入以及我们业务贷款的增加。</blockquote></p><p><b>− 1Q21 financials: </b>PBT was USD 2,298m (up 14% YoY), including net credit loss releases of USD 28m. The cost/income ratio was 73.8%, 1.5 percentage points higher YoY. Operating income increased by 10% YoY, while operating expenses increased by 8%. Net profit attributable to shareholders was USD 1,824m (up 14% YoY), with diluted earnings per share of USD 0.49. Return on CET1 capital1 was 18.2%. The default by a US-based client of our prime brokerage business resulted in an impact on net profit attributable to shareholders of USD 434m.</p><p><blockquote><b>−2021年第一季度财务状况：</b>PBT为22.98亿美元（同比增长14%），包括2800万美元的净信用损失释放。成本收入比为73.8%，同比上升1.5个百分点。营业收入同比增长10%，营业费用增长8%。归属于股东的净利润为18.24亿美元（同比增长14%），摊薄后每股收益为0.49美元。CET1 capital1回报率为18.2%。我们大宗经纪业务的美国客户违约导致股东应占净利润4.34亿美元的影响。</blockquote></p><p><b>− Our strong capital position supports growth and shareholder returns:</b> The quarter-end CET1 capital ratio was 14.0% (guidance: ~13%) and the CET1 leverage ratio was 3.89% (guidance: >3.7%), both up QoQ. We paid the 2020 ordinary dividend of USD 0.37 per share in April 2021 (USD 1.3bn) and we repurchased USD 1.1bn of shares year-todate. We will resume repurchasing shares shortly.</p><p><blockquote><b>−我们强大的资本状况支持增长和股东回报：</b>季末CET1资本率为14.0%（指导：~13%），CET1杠杆率为3.89%（指导：>3.7%），均环比上升。我们于2021年4月支付了每股0.37美元（13亿美元）的2020年普通股股息，并于年初至今回购了11亿美元的股票。我们将很快恢复回购股份。</blockquote></p><p><b>− Unlocking the power of UBS:</b> We have unveiled our purpose statement: Reimagining the power of investing. Connecting people for a better world. Our purpose – together with our new strategic framework consisting of our vision, client promise, strategic imperatives, and sustainability commitments – maps out the next steps in our firm’s journey</p><p><blockquote><b>−释放瑞银的力量：</b>我们公布了我们的宗旨声明：重新想象投资的力量。为了一个更美好的世界而连接人们。我们的目标——连同我们的新战略框架，包括我们的愿景、客户承诺、战略要务和可持续发展承诺——规划了我们公司旅程的下一步</blockquote></p><p><b>Ralph Hamers, UBS’s CEO said: </b></p><p><blockquote><b>瑞银首席执行官拉尔夫·哈默斯(Ralph Hamers)表示：</b></blockquote></p><p>“In the first quarter of 2021, our clients benefited from our broad capabilities, geographic reach and connectivity. They continued to put their trust in us and looked to UBS for advice, solutions and thought leadership in a dynamic market environment. This was evidenced by the continued net inflows that helped our invested assets across wealth and asset management grow by over 100 billion dollars to 4.2 trillion. This, together with favorable market conditions and improved investor sentiment, contributed to positive results in the first quarter of 2021. All in all, we saw record activity across our client franchises, resulting in operating income being up 10%, profit before tax up 14%, and net profit attributable to shareholders up 14%, compared with the first quarter of 2020 which was strong in itself.</p><p><blockquote>“2021年第一季度，我们的客户受益于我们广泛的能力、地理覆盖范围和连通性。他们继续信任我们，并在动态的市场环境中向瑞银寻求建议、解决方案和思想领导力。持续的净流入帮助我们在财富和资产管理领域的投资资产增长了超过1000亿美元，达到4.2万亿美元。这一点，加上有利的市场条件和投资者情绪的改善，为2021年第一季度的积极业绩做出了贡献。总而言之，与2020年第一季度相比，我们的客户特许经营活动创历史新高，营业收入增长10%，税前利润增长14%，股东应占净利润增长14%。</blockquote></p><p>However, our first quarter results also factored in a loss related to the default by a single US-based prime brokerage client. We are all clearly disappointed and are taking this very seriously. A detailed review of our relevant risk management processes is underway and appropriate measures are being put in place to avoid such situations in the future. This never impeded our ability to serve our clients. We were still able to increase our CET1 capital ratio to 14% and deliver a return on CET1 capital of 18%. Our Investment Bank fully absorbed this loss, yet still delivered a 13% return on attributed equity, which would have been in excess of 30% had it not been for this incident.</p><p><blockquote>然而，我们第一季度的业绩还考虑了与单一美国大宗经纪客户违约相关的损失。我们显然都很失望，并非常认真地对待这件事。我们现正详细检讨相关风险管理程序，并采取适当措施以避免日后出现此类情况。这从未妨碍我们为客户服务的能力。我们仍然能够将CET1资本比率提高到14%，并实现18%的CET1资本回报率。我们的投资银行完全吸收了这一损失，但仍实现了13%的权益回报率，如果没有这一事件，该回报率将超过30%。</blockquote></p><p>Our financial strength and ability to weather all seasons, together with our unique positioning as the largest truly global wealth manager, enable us to look to our future with confidence. In an ever-evolving world, we, too, must continue to improve and adapt. That’s why I’m proud to unveil our new strategy today. It all starts with our purpose, our why: Reimagining the power of investing. Connecting people for a better world.</p><p><blockquote>我们的财务实力和全天候能力，加上我们作为最大的真正全球财富管理公司的独特定位，使我们能够充满信心地展望未来。在一个不断发展的世界里，我们也必须不断改进和适应。这就是为什么我今天很自豪地公布我们的新战略。这一切都始于我们的目的，我们的原因：重新想象投资的力量。为了一个更美好的世界而连接人们。</blockquote></p><p><b>Outlook </b></p><p><blockquote><b>世界观</b></blockquote></p><p></p><p>Investor sentiment remained positive in the first quarter of 2021, helped by the strong rebound in economic activity and greater optimism regarding the further recovery, supported by mass COVID-19 vaccination campaigns around the globe. Significant fiscal stimulus, notably in the US, along with the prospect of continued accommodative monetary policy, contributed to generally more positive views on the timing and extent of a sustainable economic recovery.</p><p><blockquote>2021年第一季度，投资者情绪仍然乐观，这得益于经济活动的强劲反弹和对进一步复苏的更大乐观，以及全球大规模COVID-19疫苗接种活动的支持。重大财政刺激（尤其是在美国），加上持续宽松货币政策的前景，使人们对可持续经济复苏的时间和程度普遍持更积极的看法。</blockquote></p><p>However, economic, social, and geopolitical tensions remain, raising questions around the sustainability and shape of the recovery. Persistently high numbers of COVID-19 infections and hospitalizations, as well as lockdowns and similar measures imposed to control the pandemic, add to these existing concerns, as well as the severity and duration of the effects of the pandemic in certain economic sectors.</p><p><blockquote>然而，经济、社会和地缘政治紧张局势依然存在，引发了人们对复苏可持续性和形式的质疑。新冠肺炎感染和住院人数持续居高不下，以及为控制疫情而实施的封锁和类似措施，加剧了这些现有的担忧，以及疫情对某些经济部门影响的严重性和持续时间。</blockquote></p><p>Our clients value strength and expert guidance, particularly in these uncertain times, and we remain focused on supporting them with advice and solutions. We expect our revenues in the second quarter of 2021 to be influenced by seasonal factors, such as lower client activity compared with the first quarter of 2021. Higher asset prices should have a positive effect on recurring fee income in our asset gathering businesses. However, the continued uncertainty about the environment and economic recovery could affect both asset prices and client activity.</p><p><blockquote>我们的客户重视实力和专家指导，尤其是在这个不确定的时期，我们仍然专注于为他们提供建议和解决方案。我们预计2021年第二季度的收入将受到季节性因素的影响，例如与2021年第一季度相比，客户活动减少。较高的资产价格应该会对我们资产收集业务的经常性费用收入产生积极影响。然而，环境和经济复苏的持续不确定性可能会影响资产价格和客户活动。</blockquote></p><p>With our balance sheet for all seasons and our diversified business model, UBS remains well positioned to drive sustainable long-term value for our clients and shareholders.</p><p><blockquote>凭借我们全天候的资产负债表和多元化的业务模式，瑞银仍然处于有利地位，可以为我们的客户和股东创造可持续的长期价值。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBS":"瑞银"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192544330","content_text":"UBS reported on Tuesday net income of $1.8 billion for the first quarter of 2021, as it revealed a hit to earnings from the scandal involving Archegos Capital.“Our first quarter results also factored in a loss related to the default by a single US-based prime brokerage client. We are all clearly disappointed and are taking this very seriously,” it said in a statement.“A detailed review of our relevant risk management processes is underway and appropriate measures are being put in place to avoid such situations in the future.”The bank said profit was $434 million lower as a result of the default.Analysts had forecast net income to come in at $1.6 billion over the period, according to Refinitiv.Group highlights − Building on client connectivity through advice, solutions and thought leadership in a dynamic environment: Our clients continued to put their trust in us and benefitted from the full spectrum of our business mix and geographical diversification. This, together with favorable market conditions and investor sentiment, led to higher recurring revenues YoY, while strong client activity drove transaction income, as well as an increase in lending across our businesses.− 1Q21 financials: PBT was USD 2,298m (up 14% YoY), including net credit loss releases of USD 28m. The cost/income ratio was 73.8%, 1.5 percentage points higher YoY. Operating income increased by 10% YoY, while operating expenses increased by 8%. Net profit attributable to shareholders was USD 1,824m (up 14% YoY), with diluted earnings per share of USD 0.49. Return on CET1 capital1 was 18.2%. The default by a US-based client of our prime brokerage business resulted in an impact on net profit attributable to shareholders of USD 434m.− Our strong capital position supports growth and shareholder returns: The quarter-end CET1 capital ratio was 14.0% (guidance: ~13%) and the CET1 leverage ratio was 3.89% (guidance: >3.7%), both up QoQ. We paid the 2020 ordinary dividend of USD 0.37 per share in April 2021 (USD 1.3bn) and we repurchased USD 1.1bn of shares year-todate. We will resume repurchasing shares shortly.− Unlocking the power of UBS: We have unveiled our purpose statement: Reimagining the power of investing. Connecting people for a better world. Our purpose – together with our new strategic framework consisting of our vision, client promise, strategic imperatives, and sustainability commitments – maps out the next steps in our firm’s journeyRalph Hamers, UBS’s CEO said: “In the first quarter of 2021, our clients benefited from our broad capabilities, geographic reach and connectivity. They continued to put their trust in us and looked to UBS for advice, solutions and thought leadership in a dynamic market environment. This was evidenced by the continued net inflows that helped our invested assets across wealth and asset management grow by over 100 billion dollars to 4.2 trillion. This, together with favorable market conditions and improved investor sentiment, contributed to positive results in the first quarter of 2021. All in all, we saw record activity across our client franchises, resulting in operating income being up 10%, profit before tax up 14%, and net profit attributable to shareholders up 14%, compared with the first quarter of 2020 which was strong in itself.However, our first quarter results also factored in a loss related to the default by a single US-based prime brokerage client. We are all clearly disappointed and are taking this very seriously. A detailed review of our relevant risk management processes is underway and appropriate measures are being put in place to avoid such situations in the future. This never impeded our ability to serve our clients. We were still able to increase our CET1 capital ratio to 14% and deliver a return on CET1 capital of 18%. Our Investment Bank fully absorbed this loss, yet still delivered a 13% return on attributed equity, which would have been in excess of 30% had it not been for this incident.Our financial strength and ability to weather all seasons, together with our unique positioning as the largest truly global wealth manager, enable us to look to our future with confidence. In an ever-evolving world, we, too, must continue to improve and adapt. That’s why I’m proud to unveil our new strategy today. It all starts with our purpose, our why: Reimagining the power of investing. Connecting people for a better world.Outlook Investor sentiment remained positive in the first quarter of 2021, helped by the strong rebound in economic activity and greater optimism regarding the further recovery, supported by mass COVID-19 vaccination campaigns around the globe. Significant fiscal stimulus, notably in the US, along with the prospect of continued accommodative monetary policy, contributed to generally more positive views on the timing and extent of a sustainable economic recovery.However, economic, social, and geopolitical tensions remain, raising questions around the sustainability and shape of the recovery. Persistently high numbers of COVID-19 infections and hospitalizations, as well as lockdowns and similar measures imposed to control the pandemic, add to these existing concerns, as well as the severity and duration of the effects of the pandemic in certain economic sectors.Our clients value strength and expert guidance, particularly in these uncertain times, and we remain focused on supporting them with advice and solutions. We expect our revenues in the second quarter of 2021 to be influenced by seasonal factors, such as lower client activity compared with the first quarter of 2021. Higher asset prices should have a positive effect on recurring fee income in our asset gathering businesses. However, the continued uncertainty about the environment and economic recovery could affect both asset prices and client activity.With our balance sheet for all seasons and our diversified business model, UBS remains well positioned to drive sustainable long-term value for our clients and shareholders.","news_type":1,"symbols_score_info":{"UBS":0.9}},"isVote":1,"tweetType":1,"viewCount":429,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/377345900"}
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