EarningsUBS reported a 3Q net profit of $1,425m, significantly surpassing both BofA's estimate and consensus expectations, highlighting strong financial performance.
Financial PerformanceUBS achieved a remarkable 93% net profit beat thanks to strong performances in Investment Banking and Wealth Management, along with lower non-performing loans.
Investment BankingInvestment banking revenues surged by 29% year-over-year, driving UBS's earnings beat and showcasing robust growth in this core division.