UBS reported Tuesday a 40% enhance in revenue for the primary quarter of 2020 on the yr earlier than, helped by greater buying and selling volumes as market contributors reacted to the volatility of latest months. Internet revenue attributable to shareholders got here in at $1.6 billion within the three months to the tip of March, up from $1.1 billion in the identical quarter of 2019.Listed here are another key metrics from the outcomes:Working revenue got here in at $7.9 billion versus $7.2 billion a yr agoCommon fairness tier 1 ratio (CET1) — a metric of financial institution solvency — was 12.8% versus 13% a yr agoReturn on tangible fairness — a metric of profitability — hit 12.8%, in contrast with 9.8% a yr in the past”We noticed an enormous decide up in consumer engagement, regardless of the logistical challenges. We see that shoppers are an increasing number of on the lookout for recommendation,” Sergio Ermotti, UBS’s chief government officer, informed CNBC’s Squawk Field Europe.Turbulence within the markets helped UBS’s funding financial institution publish the most important bounce in working revenue, throughout the all of the enterprise divisions, on the yr earlier than. Working revenue earlier than tax rose to $709 million from $207 million on the finish of the primary quarter of 2019.The brand of Swiss banking large UBS engraved on the wall is seen on its headquarters on Might 8, 2019 in Zurich.Fabrice Coffrini | AFP | Getty ImagesWithin funding banking, UBS attributed a 44% rise in income in its international markets division to “considerably greater volumes and volatility, significantly in International Exchange, Charges and Money Equities revenues, reflecting the affect of the COVID-19 pandemic on consumer exercise ranges.”Its international wealth administration division additionally elevated its working revenue earlier than tax over the past yr to $1.2 billion from $863 million. Nevertheless, invested belongings fell to $2.three billion.OutlookThe outcomes come at a time of serious stress for banks, because the coronavirus pandemic has introduced the worldwide economic system to a standstill.The Swiss financial institution stated the coronavirus had “dramatically modified the worldwide financial outlook,” including that it foresees disruption to many companies and better unemployment consequently. Given this, UBS is anticipating greater ranges of credit score loss bills for the monetary sector.Talking to CNBC Tuesday, Ermotti stated it was “very tough to make predictions about any quarters going ahead.””January, February and March had been all worthwhile months,” he stated, including that the financial institution will search to be “versatile” in coping with upcoming challenges. UBS stated earlier this month that it’ll droop half of its 2019 dividend payout till later this yr, after stress from Swiss regulator FINMA. The financial institution’s chief government officer, Sergio Ermotti, stated earlier this month that it was too early to debate 2020 dividend plans.UBS’s share price has dropped round 30% over the past 12 months. In February, the financial institution introduced that Ralph Hamers will likely be taking up as chief government officer on November 1.