UBS reaps sudden trading in the market disturbances

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UBS has become the latest bank to make a surprise from the market turmoil launched by Donald Trump’s tariff, as its merchants helped run the Swiss lender better than profits in the first quarter.

Revenue in its commercial markets increased by 32 percent to $ 2.5 billion in a quarter, after Trump’s aggressive trade war sparked fluctuations across the stock and global currency markets.

Trump’s wrong introductory policy has helped since his return to the White House in paying Big Banks trading in Europe and Wall Street, where investors conflict with his repercussions of his efforts to reshape the global trading order.

UBS reported a net profit of $ 1.7 billion in a quarter, exceeding 1.3 billion dollars by analysts, but decreased from $ 1.8 billion in the same period last year. The revenue was flat at $ 12.6 billion.

Revenue in the investment banking services department increased by 16 percent to $ 3.3 billion in a quarter.

The World Wealth Management Department attracted $ 32 billion in new assets in this period, with the unit profit before taxes of $ 1.4 billion, driven by higher fees.

“The strength and volume of our diverse global concession, in addition to our continuous focus on customers, led a strong momentum in the quarter and net new flows in our business collection,” said CEO Sergio Erli.

Ermate, who returned to lead the bank’s integration to the previous competition, Credit Swiss, said in 2023, said the process was “on the right track.” UBS In the midst of switching more than 1 million Swiss retail clients to its systems, one of the most complex parts of integration.

“When we start implementation in the next critical stage of integration, I am still happy with the great progress that we have made so far,” said Ermoti.