UBS Earnings Top Estimates as Credit Suisse Merger Helps Boost Revenue

Key TakeawaysUBS shares rose Wednesday after the banking giant's second-quarter results beat estimates, with profits more than double analysts' expectations.The Swiss bank's merger with former rival Credit Suisse helped UBS cut costs and generate new business.UBS warned the second half of the year could be "clouded" with uncertainties like ongoing global conflict and the U.S. presidential election. UBS Group (UBS) shares rose Wednesday after the Swiss banking giant's second-quarter earnings beat estimates, ...