UBS Is Having Its Best Day in Years
UBS Profit Almost Doubles
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UBS Group AG rose to the highest price in Zurich trading since the Swiss government came to its rescue in October 2008 after profit almost doubled in the first quarter.
Switzerland’s biggest bank posted net income of 1.98 billion Swiss francs ($2.1 billion), above the 1.22 billion-franc average estimate of seven analysts in a survey compiled by Bloomberg, as all of the bank’s key divisions beat forecasts.