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UBS reports strong third quarter profit of 1.43 billion dollars

UBS reported a profit of $1.43 billion for Q3 2024, rebounding from a loss of $715 million in the same quarter last year. The bank's assets under management reached $6,199 billion, bolstered by $24.7 billion in net new assets, while it achieved gross cost savings of $0.8 billion. Despite a positive market environment, UBS remains cautious about future volatility and geopolitical uncertainties.
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08:50 30.10.2024
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