UBS $ 1.7 billion net profit wins variability driving

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UBS, $ 1.7 billion in the first quarter, beating the expectations of analysts in variable financial markets, helped to earn a profit in Switzerland.

The bank’s net profit was less than $ 1.8 billion a year ago, but analytical forecasts $ 1.3 billion. The quarterly revenues were reported to be flat.

UBS Investment Bank reduced revenues to $ 3.3 billion, because it was downloaded by Baku. The income increased to $ 2.5 billion compared to 32 percent of the previous year.

The Global Wealth Management Department has attracted new money to $ 32 billion.

“The power and scale of global franchise, which is diversified, strong business speed and assets in the quarter, said,” said Sergio Ermotti Ermotti.

This is a developing story