UBS Reports Higher Quarterly Revenue and Profit, Profit Below Expectations
UBS reported revenue of $13.35 billion for the three months to September-end, up from $12.76 billion, and net profit of $2.69 billion, versus $2.48 billion a year earlier. Profit was narrowly below expectations of $2.71 billion.
Total revenues in the three months to September end were $13.35bn, up from $12.76bn, while net profits were $2.69bn. That was up on the $2.48bn seen a year previously but narrowly below expectations, for $2.71bn. UBS said it had seen "robust" client momentum across all its businesses during the per…