UBS pretax profits jump 27% in third quarter to $3.59 billion as wealth inflows surge

UBS reported a pre-tax profit of almost $3.6 billion in the third quarter, up 27% year on year, largely in line with consensus forecasts.

The Swiss banking and asset management giant saw strong net inflows into its global wealth management business.

Net profits were $2.7 billion for the third quarter, in line with estimates.

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