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UBS expects modest 3Q uptick

On the heels of four straight quarterly losses, UBS AG is expecting to return a small third-quarter profit when its earnings are released Nov. 4, said the bank’s chairman, Peter Kurer.

On the heels of four straight quarterly losses, UBS AG is expecting to return a small third-quarter profit when its earnings are released Nov. 4, the bank’s chairman, Peter Kurer, said in a speech today during a shareholder meeting in Basel, Switzerland.

The improved performance of UBS is

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