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UBS Books $3.59 Billion in Third-Quarter Pretax Profit, Up 27%

Net profit reached $2.7 billion, in line with estimates, while global wealth management drew strong net inflows.

A brushed steel vault door in a quiet stone banking lobby / TokenPost.ai
A brushed steel vault door in a quiet stone banking lobby / TokenPost.ai

UBS recorded $3.59 billion in pretax profit for the third quarter, a 27% increase from a year earlier. The Swiss bank and asset manager's result was largely in line with consensus forecasts.

Net profit reached $2.7 billion, in line with estimates. UBS's global wealth management business also drew strong net inflows.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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