Swiss bank UBS achieved a 137% jump in fourth-quarter 2020 profit to reach $ 1.71 billion.

According to CNBC Arabia, analysts expected income to reach $ 967 million for the three-month period, according to Refinitiv. This comes after the Swiss bank announced a net income of 2.1 billion dollars for the third quarter of last year.

The double-digit profit growth of UPS's wealth and asset management division contributed to the quarterly performance.