UBS extends winning streak in Q2 as wealth management business booms

2021-07-20 11:05:23

ZURICH: Swiss bank UBS on Tuesday posted a 62.8% rise in second-quarter net profit, as buoyant markets continued to help the world’s largest wealth manager generate higher earnings from managing money for the rich.

Second-quarter net profit of $2.01 billion, up from $1.23 billion in the same quarter a year ago, far outpaced expectations for $1.34 billion in a poll of 20 analysts compiled by the bank.

“Our growth in the second quarter was underpinned by the relationships

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