UBS reported a strong third-quarter profit, surpassing analyst expectations due to successful client migrations and Credit Suisse integration. UBS’ Investment Banking division posted strong results with increased net income, while Global Wealth Management saw a dip due to lower deposit margins. UBS CEO Sergio Ermotti credited the bank’s diversified model and highlighted resilience amid economic challenges. UBS intends to complete a $1 billion share buyback and plans further repurchases in 2025. Analysts acknowledged UBS’ robust performance but raised concerns about being too-big-to-fail.
