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UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - October 30

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - October 30

UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Business - MarketWatch - October 30

U.S. election won't be an 'uneventful event' for global markets, UBS chief says

Ermotti forecasts "market movements" will take place in the wake of the upcoming U.S. elections, no matter who wins leadership of the world's largest economy.

Business - CNBC - October 30

Investors should pick up ‘cheap’ U.K. stocks, UBS says

UBS analysts noted U.K. stocks are currently “abnormally cheap” with almost all sectors trading at double discounts compared to their U.S. counterparts

Business - MarketWatch - 4 days ago

Stocks have rarely been this expensive versus bonds. Now, UBS expects that to change.

Stocks are now expected to weaken versus bonds, argue UBS strategists.

Business - MarketWatch - October 30

Gold is up 5% this week because it’s a ‘preferred’ hedge to global risks, UBS says

Gold’s weekly and yearly gains are outperforming the stock market.

Business - MarketWatch - 16 hours ago

Reporting from the "Graveyard of the Pacific"

Correspondent Bill Whitaker and a 60 Minutes team took every precaution to report aboard a U.S. Coast Guard lifeboat in treacherous waves along the Pacific coastline.

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