UBS shares fell by approximately two percent to 27.91 francs after reaching a multi-year high of 29.57 francs earlier in the day. This decline was driven by strong quarterly results and progress in the integration of Credit Suisse.

Despite the drop, the bank's market capitalization remained above CHF 100 billion, although it fell to 96.6 billion francs by midday. In the third quarter, UBS reported a significant profit that exceeded market expectations, with positive year-on-year earnings trends noted across most business areas, except for wealth management.

Analysts from JPMorgan and Vontobel highlighted the successful integration of Credit Suisse and the positive outlook for client activities. However, RBC's Anke Reingen cautioned about uncertainties related to the economic environment and the upcoming US presidential election, despite the ongoing strong business momentum heading into the fourth quarter.