ZURICH, Oct 29 (Reuters) - UBS said

third-quarter net profit surged 74% to $2.5 billion, handily

beating expectations as revenues climbed amid financial market

volatility caused by global tariff turmoil.

Net income attributable to shareholders of Switzerland's

biggest bank had been forecast to come in at $1.29 billion,

according to an analyst consensus estimate compiled by UBS.

The release of legal provisions worth $688 million, mainly

related to the resolution of Credit Suisse's residential

mortgage-backed securities business and a UBS case in France,

contributed to the earnings beat.

UBS attracted $38 billion in net new money to its global

wealth management division and $18 billion to asset management,

bringing total invested assets close to $7 trillion.

Strong inflows from Asia more than offset outflows in the

Americas, where UBS this week applied for a National Bank

Charter.

In UBS's investment banking division, revenues jumped 52%

year-on-year in global banking and 14% in trading, marking a

record third quarter for both these business areas as

deal-making activity resumed.

Integration of its one-time rival Credit Suisse further

progressed, UBS said in a statement, adding that over two-thirds

of Swiss-booked client accounts have been migrated.