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UBS Post Third-Quarter Profit on Gains

Stock quotes in this article: UBS  

Swiss bank UBS(UBS Quote) reported third-quarter earnings of 296 million Swiss francs ($251.6 million) after booking a gain of 2.2 billion francs on its own credit and a tax credit of 913 million francs.

A year earlier, the bank reported a loss of 858 million francs.

UBS said it saw net new money outflows of 83.6 billion francs in the quarter, compared with outflows of 43.8 billion francs the prior quarter, the bank said in a statement Tuesday. ...

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