UBS Group's net profit for the third quarter was $1.4 billion, which was higher than the expected $740 million. This performance is notable as the bank is currently transitioning clients from Credit Suisse after acquiring the rival last year.
The bank's total revenue was $12.3 billion, surpassing the estimated $11.5 billion. CEO Sergio Ermotti emphasized the strong revenue growth in a volatile market, particularly in the Americas and Asia-Pacific regions.