Daily Market Updates: UBS posts $3.6 billion pre-tax profit as CEO flags geopolitical risk

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UBS posts $3.6 billion pre-tax profit as CEO flags geopolitical risk

UBS CEO Sergio Ermotti said investors should monitor geopolitical volatility even as he characterized the AI pullback as healthy.

Reported · Written up by our desk · Europe

UBS reported pre-tax profits of $3.6 billion for the quarter, according to CNBC Markets and CNBC World.

In remarks covered by CNBC, UBS CEO Sergio Ermotti said the AI pullback is healthy, but warned there is a larger risk investors should focus on, geopolitical volatility.

The CNBC summaries also tied the outlook to uncertainty ahead, positioning geopolitics as a key factor that could affect investors going forward.

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Sources

CNBC MarketsUBS CEO says the AI pullback is healthy , but there’s a bigger risk investors should watch

CNBC WorldUBS CEO says the AI pullback is healthy , but there’s a bigger risk investors should watch

Global Markets

UBS posts $3.6 billion pre-tax profit as CEO flags geopolitical risk

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