has beaten analyst expectations in the third quarter as its wealth management division continued to outperform.
The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.3 billion for the period, up from $2 billion in the second quarter. Analysts had expected the figure to come in at $1.57 billion, according to estimates collected by Refinitiv."The market and economic backdrop were broadly positive in the third quarter; although there has been some uncertainty recently," CEO Ralph Hamers said in a statement., with invested assets rising to $3.2 trillion.
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