{"id":55514,"date":"2023-08-31T23:01:34","date_gmt":"2023-09-01T03:01:34","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/ubs-out-earned-apple-and-walmart-combined-heres-where-the-credit-suisse-buyers-29-billion-profit-ranks\/"},"modified":"2023-08-31T23:01:37","modified_gmt":"2023-09-01T03:01:37","slug":"ubs-out-earned-apple-and-walmart-combined-heres-where-the-credit-suisse-buyers-29-billion-profit-ranks","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=55514","title":{"rendered":"UBS out-earned Apple and Walmart combined. Here\u2019s where the Credit Suisse buyer\u2019s $29 billion profit ranks."},"content":{"rendered":"
\n

Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS\u2019s $28.88 billion profit in the second quarter was one for the record books.<\/p>\n

It was reportedly the largest that any bank has ever reported.<\/p>\n

Also read: <\/strong>UBS reports $29 billion profit as it rules out domestic bank spinoff<\/p>\n

\n

According to data compiled by FactSet, the UBS
\n UBS,
\n +5.61%<\/bg-quote>
\n profit was the second highest of any New York Stock Exchange or Nasdaq-listed company for the most recent quarter, trailing only Berkshire Hathaway\u2019s
\n BRK.B,
\n -0.24%<\/bg-quote>
\n $35.91 billion, and topping Microsoft\u2019s
\n MSFT,
\n -0.31%<\/bg-quote>
\n $20.1 billion profit.<\/p>\n

Here\u2019s how other companies fared this period.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Symbol<\/p>\n<\/td>\n\n Name<\/p>\n<\/td>\n\n Net Inc Before Extra & Disc Op, in millions of dollars<\/p>\n<\/td>\n<\/tr>\n
\n BRK.B<\/p>\n<\/td>\n\n Berkshire Hathaway Inc. Class B<\/p>\n<\/td>\n\n 35,912.0<\/p>\n<\/td>\n<\/tr>\n
\n UBS<\/p>\n<\/td>\n\n UBS Group AG<\/p>\n<\/td>\n\n 28,875.0<\/p>\n<\/td>\n<\/tr>\n
\n MSFT<\/p>\n<\/td>\n\n Microsoft Corporation<\/p>\n<\/td>\n\n 20,081.0<\/p>\n<\/td>\n<\/tr>\n
\n AAPL<\/p>\n<\/td>\n\n Apple Inc.<\/p>\n<\/td>\n\n 19,881.0<\/p>\n<\/td>\n<\/tr>\n
\n GOOG<\/p>\n<\/td>\n\n Alphabet Inc. Class C<\/p>\n<\/td>\n\n 18,368.0<\/p>\n<\/td>\n<\/tr>\n
\n JPM<\/p>\n<\/td>\n\n JPMorgan Chase & Co.<\/p>\n<\/td>\n\n 14,384.0<\/p>\n<\/td>\n<\/tr>\n
\n TM<\/p>\n<\/td>\n\n Toyota Motor Corp. Sponsored ADR<\/p>\n<\/td>\n\n 9,534.9<\/p>\n<\/td>\n<\/tr>\n
\n WMT<\/p>\n<\/td>\n\n Walmart Inc.<\/p>\n<\/td>\n\n 7,891.0<\/p>\n<\/td>\n<\/tr>\n
\n XOM<\/p>\n<\/td>\n\n Exxon Mobil Corporation<\/p>\n<\/td>\n\n 7,880.0<\/p>\n<\/td>\n<\/tr>\n
\n META<\/p>\n<\/td>\n\n Meta Platforms Inc. Class A<\/p>\n<\/td>\n\n 7,788.0<\/p>\n<\/td>\n<\/tr>\n
\n BAC<\/p>\n<\/td>\n\n Bank of America Corp<\/p>\n<\/td>\n\n 7,408.0<\/p>\n<\/td>\n<\/tr>\n
\n CHL<\/p>\n<\/td>\n\n China Mobile Limited Sponsored ADR<\/p>\n<\/td>\n\n 6,852.6<\/p>\n<\/td>\n<\/tr>\n
\n AMZN<\/p>\n<\/td>\n\n Amazon.com, Inc.<\/p>\n<\/td>\n\n 6,750.0<\/p>\n<\/td>\n<\/tr>\n
\n HSBC<\/p>\n<\/td>\n\n HSBC Holdings PLC Sponsored ADR<\/p>\n<\/td>\n\n 6,639.0<\/p>\n<\/td>\n<\/tr>\n
\n NVDA<\/p>\n<\/td>\n\n NVIDIA Corporation<\/p>\n<\/td>\n\n 6,188.0<\/p>\n<\/td>\n<\/tr>\n
\n CVX<\/p>\n<\/td>\n\n Chevron Corporation<\/p>\n<\/td>\n\n 6,010.0<\/p>\n<\/td>\n<\/tr>\n
\n TSM<\/p>\n<\/td>\n\n Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR<\/p>\n<\/td>\n\n 5,918.5<\/p>\n<\/td>\n<\/tr>\n
\n PBR<\/p>\n<\/td>\n\n Petroleo Brasileiro SA Sponsored ADR<\/p>\n<\/td>\n\n 5,813.7<\/p>\n<\/td>\n<\/tr>\n
\n UNH<\/p>\n<\/td>\n\n UnitedHealth Group Incorporated<\/p>\n<\/td>\n\n 5,474.0<\/p>\n<\/td>\n<\/tr>\n
\n JNJ<\/p>\n<\/td>\n\n Johnson & Johnson<\/p>\n<\/td>\n\n 5,144.0<\/p>\n<\/td>\n<\/tr>\n
\n WFC<\/p>\n<\/td>\n\n Wells Fargo & Company<\/p>\n<\/td>\n\n 4,938.0<\/p>\n<\/td>\n<\/tr>\n
\n BABA<\/p>\n<\/td>\n\n Alibaba Group Holding Limited Sponsored ADR<\/p>\n<\/td>\n\n 4,890.5<\/p>\n<\/td>\n<\/tr>\n
\n HD<\/p>\n<\/td>\n\n Home Depot, Inc.<\/p>\n<\/td>\n\n 4,659.0<\/p>\n<\/td>\n<\/tr>\n
\n VZ<\/p>\n<\/td>\n\n Verizon Communications Inc.<\/p>\n<\/td>\n\n 4,648.0<\/p>\n<\/td>\n<\/tr>\n
\n T<\/p>\n<\/td>\n\n AT&T Inc.<\/p>\n<\/td>\n\n 4,489.0<\/p>\n<\/td>\n<\/tr>\n
\n CMCSA<\/p>\n<\/td>\n\n Comcast Corporation Class A<\/p>\n<\/td>\n\n 4,248.0<\/p>\n<\/td>\n<\/tr>\n
\n Source: FactSet\/UBS<\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS\u2019s $28.88 billion profit in the second quarter was one for the record books. It was reportedly the largest that any bank has ever reported. Also read: UBS reports $29 billion profit as it rules out domestic bank spinoff According […]<\/p>\n","protected":false},"author":1,"featured_media":55515,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-55514","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nUBS out-earned Apple and Walmart combined. 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