The Swiss bank posted stable sales of US registered notes in Q2 in line with the market while equity derivatives drove revenues.
UBS AG London Branch has traded US$3.3 billion notional from 1,353 structured notes registered with the US Securities and Exchange Commission (SEC) in the second quarter of 2024, according to SRP data . This amount reflects a 1.4% decline quarter-on-quarter (QoQ) compared to larger peer issuers, including J.P. Morgan, Goldman Sachs and Citigroup, which posted respective quarterly falls of 11.6% , 4.8% and 4.0% . However, year-on-year (YoY) UBS' structured products sales volume were up 61.7% at