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UBS Third-Quarter Net Profit Rises to $2.69 Billion

UBS reported third-quarter net profit of $2.69 billion, up from $2.48 billion a year earlier, with growth in its wealth-management platform. The result was below analysts’ expectations.

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06:41:33 AM UTC
SquawkNews
UBS Profit Climbs as Asia, Americas Growth Boosts Inflows — Update

By Michael HennesseyUBS Group reported a rise in third-quarter net profit, boosted by growth in its wealth-management platform.The Swiss banking group said net profit for the third quarter was $2.69 billion, up from $2.48 billion in the year-earlier period. The figure was lower than analysts' expec…