UBS, Barclays and SocGen reap trading windfall from market turmoil

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UBS, Société Générale and Barclays have become the latest banks to make a driver of turmoil in the market launched by US president Donald Trump’s tariff, as it helped traders distribute lenders better than the expected first quarter profits.

UBS Markets revenue increased 32 percent to $ 2.5 billion, and Socigeen’s commercial revenues increased by 11 percent to 1.76 billion euros, while Barclays reported a 16 percent increase to 2.7 billion pounds.

Since his return to the White House in January, the irregular tariff policy has dominated Trump on the stock markets, years and global currency, which led to investor fluctuations with his repercussions from his attempt to reshape the global trading order.

UBS said on Wednesday: “The markets are likely to remain sensitive to new developments, whether they are positive or negative, which are likely to lead to more nails in fluctuation,” UBS said on Wednesday.

Star trading performance helped the profits of the three banks exceeded expectations for a quarter, which led to an increase in the strike from slowdown in deals in this period.

UBS reported a net profit of $ 1.7 billion in a quarter, exceeding 1.3 billion dollars by analysts, but decreased from $ 1.8 billion in the same period last year. The revenue was flat at $ 12.6 billion.

The goal of SOCGEN has increased more than 1.6 billion euros, while the profits in Barclays increased to 1.9 billion pounds, up from 1.6 billion pounds a year ago, and exceeding expectations.

The trio joins the largest banks in Wall Street in riding market fluctuations. JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup created approximately $ 37 billion in commercial revenues in the quarter.

In SOC GEN, stock trade has emerged, as revenue climbed more than five to 1.06 billion euros. Parklise’s fixed income dealers made a 21 percent jump in revenue, while revenues in their shares increased by 9 percent.

The strong offer of UBS trade has overwhelmed the business of global wealth management, the largest profit engine for the bank in recent years.

The department attracted $ 32 billion in new assets in this period, with pre -tax profit for the $ 1.4 billion unit driven by higher fees.

“The strength and volume of our diverse global concession, in addition to our continuous focus on customers, led a strong momentum in the quarter and net new flows in our business collection,” said CEO Sergio Erli.

Ermate, who returned to lead the bank’s integration to the previous competition, Credit Swiss, said in 2023, said the process was “on the right track.” UBS is located in the midst of the switching of more than the Swiss retail agents on its systems, and it is one of the most complex parts of integration.