Shares of UBS Group AG were gaining around 6 percent in the morning trading in Switzerland as well as 5 percent in pre-market activity on the NYSE after the banking major reported Thursday significantly higher profit in its second quarter primarily reflecting a $29 billion negative goodwill on the acquisition of Credit Suisse Group, as well as higher revenues.
Looking ahead for the third quarter, UBS expects Group underlying profit before tax to be at around breakeven, and to deliver positive underlying profit before tax in the second half.
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