Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit (vs. $667.5 million expected), after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.
Group revenue was $12.33 billion, above analyst expectations near $11.78 billion. Q3 highlights included:
- Operating profit before tax of $1.93 billion, up from a loss of 184 million in the same quarter last year.
- Return on tangible equity ...

BlackRock is one of the most well-known investment and asset management companies in the world, based in New York City. It was founded in 1988 by 8 financial professionals, including Larry Fink, Susan Wagner, Barbara Novick and Robert S. Kapito, who wanted to make the financial advisory industry more transparent and efficient.
The company is best known for bringing innovation to what is considered a very pragmatic field by developing innovative portfolio management software k...