Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS’s $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 to data compiled by FactSet, the UBS UBS, +0.60% profit was the second highest of any New York Stock Exchange or Nasdaq-listed company for the most recent quarter, trailing only Berkshire Hathaway’s BRK.B, +0.77% $35.91 billion, and topping Microsoft’s MSFT, +0.12% $20.1 billion profit.
Here’s how other companies fared this period.
| Symbol | Name | Net Inc Before Extra & Disc Op, in millions of dollars |
| BRK.B | Berkshire Hathaway Inc. Class B | 35,912.0 |
| UBS | UBS Group AG | 28,875.0 |
| MSFT | Microsoft Corporation | 20,081.0 |
| AAPL | Apple Inc. | 19,881.0 |
| GOOG | Alphabet Inc. Class C | 18,368.0 |
| JPM | JPMorgan Chase & Co. | 14,384.0 |
| TM | Toyota Motor Corp. Sponsored ADR | 9,534.9 |
| WMT | Walmart Inc. | 7,891.0 |
| XOM | Exxon Mobil Corporation | 7,880.0 |
| META | Meta Platforms Inc. Class A | 7,788.0 |
| BAC | Bank of America Corp | 7,408.0 |
| CHL | China Mobile Limited Sponsored ADR | 6,852.6 |
| AMZN | Amazon.com, Inc. | 6,750.0 |
| HSBC | HSBC Holdings PLC Sponsored ADR | 6,639.0 |
| NVDA | NVIDIA Corporation | 6,188.0 |
| CVX | Chevron Corporation | 6,010.0 |
| TSM | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 5,918.5 |
| PBR | Petroleo Brasileiro SA Sponsored ADR | 5,813.7 |
| UNH | UnitedHealth Group Incorporated | 5,474.0 |
| JNJ | Johnson & Johnson | 5,144.0 |
| WFC | Wells Fargo & Company | 4,938.0 |
| BABA | Alibaba Group Holding Limited Sponsored ADR | 4,890.5 |
| HD | Home Depot, Inc. | 4,659.0 |
| VZ | Verizon Communications Inc. | 4,648.0 |
| T | AT&T Inc. | 4,489.0 |
| CMCSA | Comcast Corporation Class A | 4,248.0 |
| Source: FactSet/UBS | ||
This article was originally published by Marketwatch.com. Read the original article here.
