RTTNews | Jul 20, 2021 01:16AM EDT

01:15 Tuesday, July 20, 2021 (RTTNews.com) - Swiss banking giant UBS Group AG (UBS) Tuesday reported that its second-quarter net profit attributable to shareholders was $2.01 billion, up 63 percent from last year's $1.23 billion.

Earnings per share were $0.55, higher than $0.33 per share last year.

Operating income increased 21 percent from last year to $8.98 billion from last year's $7.40 billion.

The company said it intends to repurchase $0.6 billion of shares during the third quarter.

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