Tuesday, July 20, 2021

UBS Q2 Profit Climbs On Wealth Management Fees; Stock Up

Shares of UBS Group AG were gaining around 4 percent in Swiss trading after the banking giant reported Tuesday higher profit in its second quarter, with good growth in all divisions, mainly Wealth Management. Further, the company said it intends to repurchase $0.6 billion of shares during the third quarter. In the Global Wealth Management segment, recurring net fee income increased 30 percent.

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