UBS Posts Big Profit

Swiss bank UBS just reported its fourth-quarter earnings, and it’s a doozy: $1.2 billion in profit. That’s right, they made a cool billion – and change.

Buyback Bonanza

And if that’s not enough, they’re planning to buy back $3 billion of their own shares. It’s a move that’s sure to make investors happy. Let’s be real, who doesn’t love a good buyback? It’s like finding money in the couch cushions, but instead of couch cushions, it’s a multibillion-dollar bank.