UBS Strong Foreign Exchange in Q3 Doesn’t Offset Decline in Equities

[kreslik.news]

Swiss banking giant UBS has today published its third quarter results for 2016, in which the lender reports strong results with an adjusted profit before tax of CHF 1.3 billion ($1.31 billion) representing an increase of 33 percent year-on-year.

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Financial Metrics

Reported pre-tax profit was up 11 percent year-on-year to CHF 877 million ($883 million). Net profit attributable to shareholders was CHF 827 million ($832 million) with diluted earnings per share of CHF 0.22.

The strong performance was achieved despite sustained economic and geopolitical uncertainty, persistently low client activity and subdued primary ... (read more)