07/26/2022
Swiss bank UBS posted on Tuesday a smaller-than-expected 5% rise in net profit for the second quarter as revenues at its investment bank fell 14%.
Profit in the three months ended June was $2.108 billion. That compares with $2.006 billion a year earlier and lagged expectations for a 19.8% rise to $2.403 billion in a poll of 19 analysts compiled by the bank.