Swiss giant UBS beats expectations with $1.69 billion profit in first quarter

Group 1 - UBS reported a net profit attributable to shareholders of $1.692 billion in the first quarter, exceeding the mean forecast of$1.359 billion from analysts [2] - Group revenue for the same period was $12.557 billion, slightly below analyst expectations of$12.99 billion [2] - The bank is attempting to address significant share declines that have impacted its status as the largest bank in continental Europe [1]