UBS Group AG reported a fourth-quarter net profit of $770 million, surpassing analyst expectations of $485.7 million. The bank's total revenue for the quarter reached $11.64 billion, slightly above the estimated $11.43 billion, with a pretax profit of $1.05 billion. UBS's investment banking division performed strongly, with a pretax profit of $479 million compared to the expected $63.6 million, while the asset management division reported a pretax income of $128 million. For the full year of 2024, UBS achieved a net profit of $5.1 billion. In response to these results, UBS proposed a dividend of $0.90 per share and announced plans to continue share repurchases, aiming to boost its buyback program to $3 billion for the year. The bank also expressed intentions to invest for long-term growth. However, despite the strong earnings, UBS shares fell 5.5% as the buyback plan, conditional on Swiss capital rules, failed to impress investors.