UBS beats expectations as third-quarter profit soars to $2.5 billion

Core Insights - UBS reported a significant increase in third-quarter net profit, which surged 74% to $2.5 billion, exceeding market expectations [1] - The revenue growth was attributed to financial market volatility driven by global tariff issues [1] Financial Performance - The net profit for UBS in the third quarter reached $2.5 billion, marking a 74% increase compared to previous periods [1] - The performance was notably strong, as it handily beat analysts' expectations [1] Market Conditions - The revenue increase was linked to the volatility in financial markets, which was influenced by ongoing global tariff turmoil [1]