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#UBS Q3 pretax profit rises 27%
UBS reported third-quarter pretax profit of $3.59 billion.
Up 27% year over year, broadly in line with market expectations.
Net profit was $2.7 billion, as expected.
The real standout was the inflow of money.
Global Wealth Management added $55.1 billion in net new assets.
The two business divisions secured a combined $12.5 billion in client commitments.
Its capital position is also getting stronger.
The Common Equity Tier 1 capital ratio was 14.7%.
That’s up from 14.4% last quarter—a further step higher.
UBS shares are up about a quarter this year.
The benefits of integration are starting to come through.
Money is flowing in, suggesting clients are still cautiously positioning their portfolios.
They’re not chasing speed; they’re looking for stability.
That’s also why European bank stocks have been in demand this year.
Wealth management inflows are a barometer of risk appetite.
When high-net-worth clients add to their positions, risk assets have buyers to absorb supply.
When they sit on the sidelines, market buying thins out.
For crypto, private banking fund flows are worth watching.
This money takes time to come in—and time to leave.
Do you think a recovery in wealth management will spill over into crypto? Share your thoughts in the comments.
#UBS Q3 pretax profit rises 27%
UBS reported third-quarter pretax profit of $3.59 billion.
Up 27% year over year, broadly in line with market expectations.
Net profit was $2.7 billion, as expected.
The real standout was the inflow of money.
Global Wealth Management added $55.1 billion in net new assets.
The two business divisions secured a combined $12.5 billion in client commitments.
Its capital position is also getting stronger.
The Common Equity Tier 1 capital ratio was 14.7%.
That’s up from 14.4% last quarter—a further step higher.
UBS shares are up about a quarter this year.
The benefits of integration are starting to come through.
Money is flowing in, suggesting clients are still cautiously positioning their portfolios.
They’re not chasing speed; they’re looking for stability.
That’s also why European bank stocks have been in demand this year.
Wealth management inflows are a barometer of risk appetite.
When high-net-worth clients add to their positions, risk assets have buyers to absorb supply.
When they sit on the sidelines, market buying thins out.
For crypto, private banking fund flows are worth watching.
This money takes time to come in—and time to leave.
Do you think a recovery in wealth management will spill over into crypto? Share your thoughts in the comments.
