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UBS Delivers $2.5 Billion Profit in Volatile Quarter
UBS posted a $2.
Swiss banking group UBS reported a 74% year-on-year jump in Q3 net income to $2.5 billion, surpassing analyst expectations. The results were driven by higher wealth-management revenue and strong trading income amid volatile global markets. Executives said continued cost discipline and client inflows supported performance. The bank’s capital position remained solid, reflecting effective integration of Credit Suisse’s legacy operations. Analysts viewed the earnings beat as a signal of resilient European banking fundamentals despite interest-rate uncertainty and regional growth concerns.