By Adria Calatayud
UBS Group reported a rise in net profit after a jump in investment-banking revenue helped lift the group's top and bottom lines.
The Swiss bank said Wednesday that net profit for the first quarter was $3.04 billion compared with $1.69 billion in the year-earlier period. Analysts expected net profit at $2.33 billion, according to consensus estimates provided by the bank.
UBS said strong momentum with clients drove asset inflows and trading activity, with its core global wealth-management unit attracting $37 billion in net new money during the quarter.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
04-29-26 0121ET
