UBS Second Quarter Profit Beats Estimates

UBS has reported exceptional financial results, significantly surpassing expectations with a net profit nearly $700 million above forecasts. The investment banking and wealth management divisions have performed exceptionally well. UBS plans a $600 million buyback for the third quarter, although they anticipate lower client activity levels. The wealth management division has facilitated over $18 billion in private market investments, defying expectations of a slowdown. UBS has seen an influx of $25 billion in new client assets, with clients increasingly investing in private markets and seeking financial solutions for homes and businesses. The CEO highlights the positive momentum and client trust in UBS's services.

How much new client assets did UBS report coming in?

What did the CEO of UBS say about the clients' investment behavior?