UBS exceeded analysts' expectations by reporting a profit of $1.43 billion for the third quarter. The bank's operating revenues increased by 5 percent to $12.33 billion, and the cost-earnings ratio improved by 3.5 percentage points to 83.5 percent, indicating improved efficiency.

The integration of Credit Suisse is progressing well, with UBS experiencing a $25 billion inflow in its international wealth management sector, resulting in a 15 percent increase in assets under management. The bank's savings program has successfully reduced expenses by approximately $800 million, contributing to a cumulative profit of $4.32 billion for the year. CEO Sergio Ermotti emphasized the bank's disciplined approach to pursuing cost and efficiency objectives.

The first phase of integrating Credit Suisse client accounts in Luxembourg and Hong Kong has been completed, and further integration is planned for Singapore, Japan, and Switzerland.