UBS Reports 80% Increase in First Quarter Profits to $3 Billion
UBS reported a first-quarter net profit of $3 billion, an 80% increase year-on-year and surpassing analyst estimates of $2.8 billion. The bank also saw an increase in its CET1 capital ratio to 14.7% and is on track to repurchase $3 billion in shares.
Tickers: $UBS
Topics: earnings financial results profit share buybacks UBS