FABRICE COFFRINI | AFP | Getty Photos
UBS has overwhelmed analyst expectations within the third quarter as its wealth administration division continued to outperform.
The Swiss financial institution on Tuesday reported web revenue attributable to shareholders of $2.3 billion for the interval. Analysts had anticipated the determine to return in at $1.57 billion, in keeping with estimates collected by Refinitiv.
It comes after UBS reported a 63% jump in profit for the earlier quarter on the again of upper revenues in its wealth administration division.
Shares within the financial institution are round increased by about 24% year-to-date.
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