UBS misses 2019 targets despite 4Q net profit more than doubling
January 21, 2020 at 01:30 AM EST
The bank missed its key targets for the year. It had targeted a return on Common Equity Tier 1 capital of around 15% and an adjusted cost-income ratio of about 77%. Instead, return on CET1 capital was 12.4% for 2019, while the adjusted cost-income ratio stood at 78.9%.
