UBS Beats Expectations in Q2, Driven by Investment Bank

[kreslik.news]

UBS Group AG, the world’s largest wealth manager, has announced its second quarter unaudited financial results today. The Swiss banking giant reported a stronger than expected 12 percent rise in pre-tax profits which was predominantly driven by the Group’s investment bank.

On a group level, Pre-tax profits reached CHF 1.68 billion in the second quarter of 2018. This was much higher than the expected CHF 1.4 billion by analysts. It is also up by 10 percent from the second quarter of 2017, which saw CHF 1.5 billion pre-tax profits.

UBS Investment Bank

UBS’s investment bank, which provides liquidity in FX, rates, credit, and ... (read more)