UBS Posts Strong Q2 Results As Wealth Management And Investment Banking Divisions Shine

UBS followed up its best post-recession performance in Q1 2015 with another strong showing in Q2 on the back of its cornerstone wealth management business. While revenues swelled 9% year-on-year, a negligible increase in operating expenses helped the Swiss bank’s pre-tax income figure jump 44% compared to Q2 2014. Interestingly, investors were not thrilled with the bank’s performance, and its share price dropped in trading on Monday, July 27. We attribute this to two factors: Firstly, the s...