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via finance.yahoo.comBusiness & Companies

UBS CEO Ermotti on earnings, cost savings and capital return

FROM THE WIRE · FINANCE.YAHOO.COM

UBS CEO Sergio Ermotti speaks to Bloomberg's Stephen Carroll after the lender posted third-quarter profit broadly in line with expectations, with a surge in client inflows potentially buoying the outlook for the global wealth manager. The Zurich-based bank said net income in the…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThird-quarter profit in line with expectations and strong client inflows in wealth management.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UBS posted third-quarter net income of $2.69 billion.
  2. 02Net new assets in the wealth unit came in at $55.1 billion.
  3. 03Inflows were led by Asia Pacific and the Americas.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
UBS Group AGUBSStock46.78 USDMarket closedtoday +0.69%Neutral UBS Group AGUBSN.MXStock869.77 MXNMarket closedtoday 0.00%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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