UBS reaps rich rewards from pandemic trading frenzy


UBS's fourth-quarter net profit of $1.708 billion far outstripped median expectations for $966 million in a poll of 20 analysts compiled by the bank.

ZURICH: UBS posted on Tuesday a 137% rise in fourth-quarter net profit, as high levels of client activity helped the world's largest wealth manager end 2020 on a strong note.

Fourth-quarter net profit of $1.708 billion far outstripped median expectations for $966 million in a poll of 20 analysts compiled by the bank.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

FBM KLCI drifts sideways in search of fresh leads
Grandtech Cloud Services welcomes Justin Tiew Senn as new APAC vice president
UOB posts small drop in quarterly profit, confident of maintaining key margin level
Singapore's MAS asks DBS to identify reasons for disruptions, The Strait Times reports
Ringgit opens lower against US$ amid Middle East tensions
CTOS prospects remain bright despite court ruling
FBM KLCI stays firm, but profit-taking pressures mount
S&P, Dow extend closing streaks despite Disney drag
Trading ideas: Sime Plantation, Sapura Energy, Power Root, OCK, Pekat, Yinson, Mobilia, Siab, Ireka
Loan growth of 7% for CIMB

Others Also Read