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UBS records near-double YoY 3Q24 profit in Asia

UBS, Hong Kong

UBS’s profit before tax (PBT) nearly doubled YoY in Asia in 3Q24, as the Swiss giant continues forging ahead with the Credit Suisse integration. At a group level, the Swiss bank reported a net profit of US$1.4 billion for 3Q24, beating the LSEG poll’s mean forecast of US$667.5 million. PBT increased by US$159 million or 17% YoY, to US$1,085 million,…

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