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UBS Group reported a rise in net profit after a jump in investment-banking revenue.
UBS Group reported first-quarter net profit of $3.04 billion, exceeding analysts' $2.33 billion estimate.
KEY POINTS
- UBS's investment-banking revenue significantly contributed to the rise in both top and bottom lines.
- The global wealth-management unit attracted $37 billion in net new money during the quarter.
- Strong client momentum led to increased asset inflows and trading activity at UBS.
COMPANIES
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