UBS Sees 11% Dip in Q2 2020 Profit, Beats Street Expectation

UBS, a Swiss investment banking giant, has announced a net profit of $1.23 billion for the second quarter of 2020, an 11 percent year-on-year drop as this number was $1.4 billion last year for the same quarter. Today’s earnings report is the first by a European lender to unveil its second-quarter earnings report while many American peers have published excellent numbers. The Most Diverse...