UBS Lifts Earnings By 5% But Warns On Swiss Franc

UBS reported its results for the three months ending Dec. 31, posting a profit of 963 million Swiss francs or about $1.04 billion

UBS beat analysts’ fourth-quarter estimates thanks to a significant tax benefit and strong investment banking results, though the Swiss bank warned about the impact of the surging Swiss franc. UBS also benefited from lower provisions for potential litigations.

UBS results beat analysts’ estimates

On Tuesday, the Swiss bank unveiled its results for the three months ending Dec. 31, posting a profit of 963 million Swiss francs or about $1.04 billion, up from a profit of 917 million francs in the same period a year earlier....