(Corrects to read billions in poll forecast, paragraph 2)
ZURICH, Nov 3 (Reuters) - UBS, Switzerland’s biggest bank, on Tuesday posted a bigger-than-expected year-on-year rise in third-quarter net profit.
Net profit for the three months to end-September was 2.1 billion Swiss francs ($2.13 billion), up from 762 million francs a year earlier and ahead of a forecast for 1.758 billion francs in a Reuters poll of four analysts.
Earnings for the same period last year were hit by the bank setting aside 1.8 billion francs in legal reserves.
$1 = 0.9870 Swiss francs Reporting by Joshua Franklin; Editing by Miral Fahmy