UBS posts second-quarter net profit of $1.31 billion, beats forecast

UBS on Tuesday posted a net profit of 1.3 billion Swiss franc ($1.31 billion) for the second quarter of 2018, beating analyst expectations, as global economic growth prospects provided a supportive backdrop to markets. Switzerland's biggest bank said the 9 percent rise in net profit put its earnings for the quarter above the median net profit estimate of 1.044 billion francs in a Reuters poll. Pre-tax profit rose 12 percent to 1.7 billion francs, against a forecast of 1.41

from Reuters: Money News https://ift.tt/2NGt4Kh
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