UBS trading gains fuel 80% profit surge
UBS profit surged 80% driven by trading gains.
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ubs posted an 80% profit jump, powered by a strong quarter in its trading division. the swiss bank's markets business drove the beat, alongside better-than-expected results at deutsche bank. both lenders saw a boost from higher client activity and volatile markets. ubs didn't give a specific profit figure in the headline, but the 80% surge marks a sharp improvement from prior quarters. deutsche bank also reported a solid trading performance, though its exact numbers weren't detailed in this update.
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