Friday, July 28, 2017

UBS Profit Up On Wealth Management; Warns On Client Activity, Margin; Stock Dips

UBS Group AG reported Friday higher profit in its second quarter, boosted mainly by strong growth in wealth management profit, and higher net interest income. Looking ahead, the company issued a cautious outlook on client activity and margins. Shares of the Swiss banking giant were losing around 4 percent in the morning trading.

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