UBS exceeded analysts' expectations for the third quarter, reporting a net profit of $1.4 billion. The bank attributed this strong performance to effective cost management, with operating expenses decreasing to $10.3 billion from $11.6 billion the previous year.

Sales also surpassed forecasts, reaching $12.3 billion compared to the expected $11.5 billion. CEO Sergio Ermotti highlighted robust revenue growth and strong customer momentum, particularly in the Americas and Asia-Pacific regions.

UBS has successfully completed the first wave of account migrations for former Credit Suisse clients, marking a significant step in the integration process following last year's acquisition. The bank remains focused on reducing execution risk while pursuing its cost and efficiency targets.