UBS (UBS): Q2 net profit -58% to 425M Swiss francs, vs. 1.02B francs in the year-earlier period;...

|About: UBS Group AG (UBS)|By:, SA News Editor
UBS (UBS): Q2 net profit -58% to 425M Swiss francs, vs. 1.02B francs in the year-earlier period; earnings -49% from Q1. UBS I-bank posts a pretax loss of 130M francs. The eurozone crisis and a weak economic outlook will continue to pressure client activity in Q3, creating "headwinds for revenue growth, net interest margins and net new money." (PR .pdf)