UBS reports 99% rise in third quarter profit, smashes expectations

Topics UBS

UBS on Tuesday posted a 99 per cent jump in third-quarter (Q3) profit on heavy turnover in global markets, helping the bank to a strong performance in investment banking as well as an unexpected rise in earnings for wealth management.   Net profit for the world’s largest wealth manager clim-bed to $2.

1 billion for the July-September period, surpassing by a wide margin expectations for $1.557 billion in the bank’s poll of 22 analysts.   “Our third quarter results continue to demonstrate that our strategy.....

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