UBS’s Investment Banking Fees Surge as Trading Lags Wall Street

  • Advisory fees increased 78% from last year on dealmaking surge
  • Equities and fixed-income trading lagged Wall Street peers
WATCH: CEO Ralph Hamers discusses UBS’s results and the outlook for client activity.Source: Bloomberg
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UBS Group AG’s investment bank capitalized on the surge in dealmaking sweeping the globe as the worst of the pandemic recedes, while lagging behind U.S. peers in equities and fixed-income trading.