UBS Group has reported a net profit of $1.425 billion in the third quarter, which exceeded analysts' expectations. This is a significant improvement from the loss of $715 million in the same period last year.

The positive results were driven by strong performance in the investment banking and wealth management divisions, as well as reduced expenses related to the integration of former rival Credit Suisse. Analysts had predicted a net profit of $740 million, highlighting the bank's impressive turnaround and effective management strategies.

The results demonstrate UBS's resilience and ability to take advantage of market opportunities, positioning it favorably within the financial sector.