Wealth management unit helps propel UBS back to profit
Net income smashed analysts’ expectations for first quarter.
UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.
The Zurich-based bank said net income in the first quarter was $1.8 bill
Learn more about reprints and licensing for this article.