The Swiss National Bank (SNBN.S), opens new tab reported the biggest half-year profit in its 117-year history on Wednesday, as big gains in the first three months of the year far outstripped losses recorded in the second quarter.
The profit of 56.8 billion Swiss francs ($64.48 billion) was boosted by valuation gains, as well as dividend and interest payouts from 740 billion Swiss francs invested in bonds and stocks, including stakes in tech giants Nvidia Corporation (NVDA.O), opens new tab and Apple Inc (AAPL.O), opens new tab.
Source: REUTER
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