Salem Radio Network News Sunday, December 5, 2021

Business

UBS posts surprise 9% rise in Q3 net profit

ZURICH (Reuters) – UBS posted a 9% rise in third-quarter net profit on Tuesday, as continued trading helped the world’s largest wealth manager to its best quarterly profit since 2015.

Its third-quarter net profit of $2.279 billion far outpaced a median estimate of $1.596 billion from a poll of 23 analysts compiled by Switzerland’s largest bank.

(Reporting by Oliver Hirt and Brenna Hughes Neghaiwi; Editing by Michael Shields)

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