ZURICH - Swiss banking giant UBS reported better-than-expected net profit for the first quarter, which rose by 17 percent to $2.1-billion, buoyed by an upturn in its investment banking division.
Both figures beat expectations of analysts surveyed by Swiss agency AWP, which had pencilled in an average of $1.6-billion in net profit, on operating income of $8.8-billion. But he added in the statement that the bank had"remained focused on executing our strategy, providing stability for our clients and managing risk".
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hyundai shares skyrocket as quarterly earnings top expectationsThe automaker's operating profit in the three months through March 2022 came in at 1.93 trillion won, while net income rose to 1.78 trillion won
Weiterlesen »
Hyundai shares rise as quarterly earnings top expectationsThe automaker's operating profit in the three months through March 2022 came in at 1.93 trillion won, while net income rose to 1.78 trillion won
Weiterlesen »
Hyundai shares rise as quarterly earnings top expectationsThe automaker's operating profit in the three months through March 2022 came in at 1.93 trillion won, while net income rose to 1.78 trillion won
Weiterlesen »