For Q3 UBS Expects $1.1B In Integration Expenses, Partially Offset By $0.6B In Purchase Accounting Gains, With Moderate Net Interest Income Headwinds Impacting Global Wealth Management
For Q3 UBS Expects $1.1B In Integration Expenses, Partially Offset By $0.6B In Purchase Accounting Gains, With Moderate Net Interest Income Headwinds Impacting Global Wealth Management
Outlook
外表
The macroeconomic outlook continues to be clouded by ongoing conflicts, other geopolitical tensions and the upcoming US elections. We expect these uncertainties to persist for the foreseeable future, and they will likely lead to higher market volatility compared with the first half of the year.
持续的冲突、其他地缘政治紧张局势和即将到来的美国大选继续给宏观经济前景蒙上阴影。我们预计，这些不确定性将在可预见的将来持续存在，与上半年相比，它们可能会导致更大的市场波动。
Entering the third quarter, we are seeing positive investor sentiment and continued momentum in client and transactional activity. Also visible are moderate net interest income headwinds from ongoing mix shifts in Global Wealth Management and the effects of the second Swiss National Bank rate cut, not yet captured in our deposit pricing in Personal & Corporate Banking.
进入第三季度，我们看到积极的投资者情绪以及客户和交易活动的持续势头。同样显而易见的是，全球财富管理的持续组合变化带来了适度的净利息收入不利影响，以及瑞士国民银行第二次降息的影响，这些影响尚未体现在我们的个人和企业银行存款定价中。
As we execute our integration plans, we expect to incur in the third quarter of 2024 around USD 1.1bn of integration-related expenses, while the pace of gross cost savings will decline modestly sequentially. Integration-related expenses should be partly offset by around USD 0.6bn accretion of purchase accounting effects.
在我们执行整合计划时，我们预计将在2024年第三季度产生约11亿美元的整合相关费用，而总成本节省的步伐将环比略有下降。与整合相关的费用应部分被增加的约6亿美元的购买会计效应所抵消。