UBSThe third quarter saw analyst expectations being exceeded as the wealth management division performed better than anticipated.

On Tuesday, the Swiss bank reported a net profit of $2.3 billion attributable shareholders for this period. Refinitiv’s estimates indicate that analysts expected it to be $1.57 billion.

This is what follows UBS reported a 63% jump in profitThe previous quarter was boosted by higher revenue in the wealth management division.

The bank’s shares are up by around 24% annually.

This story is breaking and being updated.