Swiss Bank UBS Shares Rocket on Earnings Beat | The Pulse with Francine Lacqua 05/07/24

UBS share gained the most in more than a year on Tuesday after reporting upbeat 1Q results. Driven by wealth and IB units, the Zurich-based bank returned to profit after two loss-making quarters. CEO Sergio Ermotti tells Bloomberg the 'debate is still premature' on Swiss government plans to increase the capital requirements for UBS. In the energy sector, Saudi Aramco shares rose after reporting results that largely met estimates. BP shares slid as its 1Q adjusted net income missed estimates.
Today's guests: Simon Dangoor, Goldman Sachs Asset Management; George Saravelos, Deutsche Bank
00:10 Intro
02:49 UBS rallies on 1Q net income beat
03:46 Sergio Ermotti, UBS CEO
07:55 Simon Dangoor, Goldman Sachs Asset Management
16:05 Aramco earnings meet street forecast; BP slides on net income miss
18:38 Israel raid closes Rafah border crossing in Gaza, Hamas says
22:20 Xi urges Macron to help China avoid 'new cold war'
25:48 George Saravelos, Deutsche Bank
35:42 Sergio Ermotti, UBS CEO
39:22 UBS surges on 1Q results driven by wealth, IB units
41:30 Disney results preview, Boeing's latest probe
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
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