UBS Shines with 80% Profit Jump in First Quarter

UBS posted a net profit of $3 billion for the first quarter, an 80% rise from last year and higher than analysts’ $2. 8 billion forecast. The Swiss bank’s CET‑1 capital ratio climbed to 14. 7%, up from 14. 4% a quarter earlier, showing stronger solvency. It plans to buy back $3 billion of shar