UBS said wealth clients added new assets at the bank in the fourth quarter, helping it post a better-than-expected net profit
UBS Group AG said wealth clients added new assets at the bank in the fourth quarter, helping it post a better-than-expected net profit.
The Swiss bank made a $1.65 billion quarterly net profit, more than the $1.28 billion analysts expected and up from $1.35 billion a year earlier. Inflows from its wealth customers picked up in the quarter across most regions, lifting the annualized growth above the bank’s 5% target, to 7.9%.
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