UBS profit jumps 63% in second quarter as wealth management boom continues Reuters 19 hrs ago By Brenna Hughes Neghaiwi ZURICH (Reuters) - Swiss bank UBS on Tuesday posted a 63% rise in second-quarter net profit, as buoyant markets continued to help the world's largest wealth manager generate higher earnings from managing money for the rich. Second-quarter net profit of $2.01 billion, up from $1.23 billion in the same quarter a year ago, far outpaced expectations for $1.34 billion in a poll of 20 analysts compiled by the bank. "Our growth in the second quarter was underpinned by the relationships we have built and strengthened throughout the pandemic," Chief Executive Ralph Hamers said in a statement, adding all business divisions and regions had contributed to the rise.