 "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 is differentiating us as we continuously adapt and accelerate the pace of change,” Chief Executive Sergio Ermotti said
