Thursday, October 27, 2016

UBS Q3 Profit Before Tax Rises; Warns On Interest Rates

Swiss banking giant UBS Group AG (UBS) reported Friday an increased pre-tax profit for the third quarter despite weakness in net interest income. Net profit, however, decreased on the absence of last year's hefty tax benefit. Looking ahead, UBS said it is unlikely that the underlying macroeconomic uncertainty and geopolitical tensions will change in the foreseeable future.

from RTT - Earnings http://ift.tt/2eheuYn
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