“Against a market backdrop that, while constructive, still exhibited periods of high volatility and dislocation, our businesses delivered impressive revenue growth as we maintained strong client momentum, particularly in the Americas and APAC. We continue to significantly mitigate execution risk as we progress on the integration of Credit Suisse while remaining disciplined in driving our cost and efficiency targets,” Sergio Ermotti, group CEO (pictured), said. “At the same time, we are investing in our people, products and capabilities, including technology, to enhance client experience, improve productivity and achieve sustainably profitable growth.” 

Group results
Across the whole group, total pre-tax profit, on a reported basis, was $1.929 billion in Q3 2024, against a loss of $184 million a year earlier. Net profit attributable to shareholders was $1.425 billion; return on Common Equity Tier 1 capital was 7.6 per cent, or 9.4 per cent on an underlying basis.

The bank had a Common Equity Tier 1 ratio – a standard international measure of shock absorber capital – of 14.3 per cent at the end of September.