Wealth management sends UBS profits soaring July 21, 2021 Zurich: Swiss banking giant UBS said on Tuesday its second quarter profits leapt 63 percent on the back of a strong performance by its wealth management division. The net profit of $2 billion (1.7 billion euros) was well above the $1.4 billion forecast by Swiss agency AWP. Operating income, the equivalent of revenue, jumped 21 percent to $8.9 billion, UBS said in a statement. Pre-tax profits on its wealth management business, the bank´s traditional pillar, surged 47 percent from the same period a year ago to $1.2 billion, driven by the good performance of the financial markets and an increase in commissions.