Swiss giant UBS The bottom line was beaten on Wednesday as lenders tried to stop a huge share decline, making it the largest banking champion on the continent, the crown of mainland banks.

Shareholders can be attributed to $1.692 billion in the first quarter, while the average forecast for $13.59 billion in LSEG’s analyst polls. Collective revenue was $12.57 billion, while analysts expected $12.99 billion.

Other first quarter highlights include:

• In the fourth quarter, the return on tangible equity reached 8.5%, while 3.9%.
• The capital ratio of CET 1 is a measure of bank solvency, and has no change from the December quarter.

The lender said it grew 32% year-on-year in revenues in its investment banking division, which is largely driven by “higher client activity for stocks and FX and higher clients who earn in all regions.”

Crucially, the lender's net interest income (NII) (the difference between the income from loans and investments and payments from deposits) fell 16%, down 11% from the fourth quarter, guiding further declines in the June quarter.

“In the second quarter, we expect net interest income (NII) in global wealth management to fall sequentially at the percentage decline at the unit level, and we see a similar decline in NII for individual and corporate banks in the Swiss franc. In US dollars, NII for individual and corporate banks is expected to increase gradually based on current exchange rates, ‘U current exchange rate, ‘u the Mid firs Effershation, ‘u the Mid firsey firm.

Investors keenly watched these indicators as European banks transitioned to a monetary easing environment, especially in Switzerland, which has been hit with rising inflation rates with interest rates as low as 0.25%.

Revoked this month as the largest bank in the continent, divided by market capitalization of Banco Santander, UBS's share has dropped by about 10% so far, with the brunt of losses after the White House imposed tariffs on global trading partners on April 2.

Switzerland faces 31% of the responsibility if it fails to agree to a more settled trade deal at the end of its 90-day probation in early July. By comparison, the EU was hit by 20% in the U.S. levy.

With tensions in Washington and potential recession prospects for the Swiss banking giant and its global wealth management sector, it has been in trouble last year, with about half of UBS' investment assets concentrated in the wider Americas.

UBS' long-term profitability situation remains darkened by potential new (and more severe) capital requirements from Swiss authorities as "too big rather than failing" identity as it absorbs collapsed family rival Credit Suisse. The deal (a politician called the "deal of the century" at the time) pushed the path of UBS' maximum resistance to further restrictions, which it believed would undermine its competitiveness as an entity that was already sufficiently capitalized.

Swiss president Karin Keller-Sutter told broadcaster Caster SRF that UBS's lobbying is both visible and unquestionable. It obviously resonates everywhere. However, the Federal Commission cannot be deterred by lobbying, but must also represent the interests of taxpayers. ”

"The Federal Council's goal is a goal: if a crisis occurs, a systemically important UBS can be solved. This means that banks are important in the banks that can be separated by Switzerland. This must be the goal of the federal parliament and the new legislation."

This breaking news report is being updated.