UBS Q4 profit beats estimates, dividend planned to grow

Source: Bloomberg
© Scanpix/FP
UBS AG announced a significant increase in its quarterly profit for Q4, as earnings rose at the main bank's working divisions, while legal costs declined. The net profit reached 917 million francs versus a 1.9 billion francs loss a year ago. The bank plans to raise dividend by 67% for 2013. Today, UBS AG stocks are picking up 5.8% to 18.46 francs by 14:00 GMT in Zurich.
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