ExxonMobil and UBS Live Up to Banking and Energy's Safe Haven Reputation
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As headlines for the last month have been dominated by tales of investors getting out of dodge when it comes to risky tech stocks with high valuations, equally important is where they've gone for safe haven: banks and commodities.
On Tuesday, oil giant ExxonMobil and investment bank to the 1% UBS proved why they're seen as desirable landing spots: Exxon posted its best annual profit since 2014, and UBS made the most money since 2006.
Source Fool.com
