UBS Reports 27% Increase in Third Quarter Pre-Tax Profit to $3.59 Billion
UBS reported a significant increase in its third-quarter financial performance, with pre-tax profits rising 27% year-on-year to approximately $3.6 billion. This growth was largely driven by strong net inflows within the firm's global wealth management division. Net profits for the quarter reached $2.7 billion, a figure that aligned closely with market consensus forecasts. The results reflect steady performance across its core banking and asset management operations.
Tickers: $UBS
Topics: net inflows pre-tax profit quarterly earnings wealth management
Part of the story HSBC Third-Quarter Pretax Profit Rises 32% Amid Revenue Growth (2 articles)