UBS Reports Strong Q1 Profit Amid Market Volatility
UBS reported a significant first-quarter profit increase of 80% to $3 billion, driven by market volatility and strong trading performance. Revenue rose 13% to $14.2 billion, exceeding expectations and boosting shares by 5%. The investment bank's markets business hit a record $3.2 billion in underlying revenue.
Tickers: $UBS
Topics: buybacks earnings market volatility profit regulation UBS