UBS reports 3.04 billion dollar first quarter profit

UBS Group posted a first quarter net profit of 3.04 billion dollars on Wednesday. This result exceeded the average analyst estimate of 2.326 billion dollars.

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UBS GROUP AG-REG reported a first-quarter net profit of $3.04 billion, exceeding the average analyst estimate of $2.33 billion from a bank-compiled poll. The result demonstrates strong performance for the Swiss lender following its integration of Credit Suisse.

The UBS logo displayed on a building at Paradeplatz in Zurich, Switzerland. REUTERS/Denis Balibouse/File Photo
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