UBS shares dip despite rosy quarterly results

4th May 2010, Comments 0 comments

Investors drive prices of shares in Switzerlands largest bank lower after it reports an improved profit picture for the first quarter of 2010. UBS reported its net income for the three-month period jumped to 2.2 billion francs up 83 percent from Q4 in 2009 and CEO Oswald Grbel said the company is on track to meet medium-term profitability goals, but it appears some people have yet to be convinced of a sustainable turnaround.

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