UBS posted net income of 1.98 billion francs for the first quarter as all of the bank's key divisions beat forecasts. Photo: ReutersUBS posted net income of 1.98 billion francs for the first quarter as all of the bank's key divisions beat forecasts. Photo: Reuters
UBS posted net income of 1.98 billion francs for the first quarter as all of the bank's key divisions beat forecasts. Photo: Reuters

UBS shares rally on sharp rise in first-quarter profit

Bank's stock jumps to highest since state rescue in 2008 as earnings result surprises market

UBS posted net income of 1.98 billion francs for the first quarter as all of the bank's key divisions beat forecasts. Photo: ReutersUBS posted net income of 1.98 billion francs for the first quarter as all of the bank's key divisions beat forecasts. Photo: Reuters
UBS posted net income of 1.98 billion francs for the first quarter as all of the bank's key divisions beat forecasts. Photo: Reuters
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