UBS outshines expectations with $1.4 billion in profit but says macroeconomic outlook appears ‘gloomy’ due to U.S. election and geopolitical conflict

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The Swiss bank, which suffered a $715 million loss in the same period last year after the forced takeover of Credit Suisse, posted a five percent increase in revenue to $12.3 billion.

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United StatesSwitzerland

Topics: Profits UBS Geopolitics Elections LondonWires Banks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 10:35:38 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 33 words

Reading Time: 1 minutes read

Sentences: 16 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23337533

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Official Website: fortune.com

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