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ubs reports strong q3 results driven by credit suisse integration

UBS reported a net profit of $1.4 billion in Q3, nearly double analysts' expectations, driven by strong revenue of $12.3 billion and successful integration of Credit Suisse. The bank is ahead of schedule in client transitions, with shares rising over 60% since the acquisition, reflecting robust investor confidence. This performance underscores the potential benefits of strategic mergers in the banking sector amid market volatility.
07:00 30.10.2024
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