ZURICH: Swiss bank UBS yesterday posted a 62.8% rise in second-quarter net profit, as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich.
Second-quarter net profit of US$2.01bil (RM8.5bil), up from US$1.23bil (RM5.2bil) in the same quarter a year ago, far outpaced expectations for US$1.34bil (RM5.7bil) in a poll of 20 analysts compiled by the bank.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!