UBS Q1 2026 profit soars 80% on broad-based growth

UBS nett net attributable to shareholders surged 80% year-on-year to $3.04bn successful the archetypal 4th of 2026, driven by gains crossed each halfway segments.

The Swiss group’s revenues roseate 13% to $14.2bn.

Within planetary wealthiness absorption (GWM), nett caller assets totalled $37.4bn successful the quarter, equivalent to a 3.1% annualised maturation rate, with inflows reported crossed each regions.

GWM full revenues climbed by $684m, oregon 11%, to $7.1bn, reflecting higher recurring nett interest income, transaction-based income and nett involvement income.

Invested assets fell by $85bn from the erstwhile 4th to $4.66tn, portion nett caller assets were $37.4bn.

In Personal & Corporate Banking (P&C), full revenues accrued by SFr40m, oregon 2%, to SFr 2.02bn, chiefly owed to higher different revenues and transaction-based income, partially offset by little nett involvement income.

Asset Management (AM) revenues roseate by $31m, oregon 4%, to $772m, chiefly driven by higher nett absorption fees and partially offset by little show fees.

Invested assets declined by $34bn sequentially to $2.06tn.

Net caller wealth was $14bn, and $13.8bn excluding wealth marketplace flows and associates.

Investment Bank (IB) revenues accrued by $871m, oregon 27%, to $4.05bn, chiefly owed to higher revenues successful Global Markets and Global Banking, partially offset by a $70m alteration successful PPA effects, and including affirmative overseas currency effects.

UBS Group CEO Sergio Ermotti said: “In the archetypal 4th we continued helping clients navigate a volatile and unpredictable geopolitical and marketplace environment, leveraging the spot and breadth of our global, diversified franchise. We delivered fantabulous fiscal results and stay connected way to present connected our fiscal objectives for 2026.”

UBS besides reported that the transportation of the last Swiss-booked lawsuit accounts onto UBS infrastructure successful March completed the migration of astir 1.2 cardinal clients globally.

Ermotti added: “Having present successfully transferred each lawsuit accounts successful Switzerland, we achieved different important milestone successful 1 of the astir analyzable integrations successful banking history. We are assured successful substantially completing the integration by year-end, positioning america for further sustainable growth.”

Recently, Switzerland has softened parts of its planned superior bundle for UBS, but inactive indicates the slope would request to physique astir $20bn successful further buffers to assistance forestall a repetition of the failures that brought down Credit Suisse.

Reacting to the proposal, UBS said it “strongly” disagrees with the package, describing it arsenic “extreme”, lacking planetary alignment and arsenic 1 that “disregards concerns” raised by astir consultation respondents.