Americaq2 Earnings Beats Forecasts, Maintains Cautious Outlook

The median net profit forecast in a Reuters poll of six analysts was for net profit of 879 million francs.
UBS, Switzerland’s biggest bank, on Friday reported 1.174 billion Swiss francs ($1.21 billion) in second-quarter net profit, up 14 percent on a year earlier.
In the three months to end-June UBS attracted net new money, a closely watched indicator of future earnings in private banking, of 13.7 billion francs at its wealth management division and posted net outflows of $6.4 billion at its U.S. brokerage unit.

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