UBS Q2 profit rises to $2.8bn as revenues increase

UBS Group has reported nett net attributable to shareholders of $2.8bn successful the 2nd 4th of 2026, up from $2.39bn a twelvemonth earlier.

Revenue for the 4th ended 30 June 2026 roseate 13% to $13.7bn, compared with $12.11bn successful the aforesaid play past year.

For the archetypal fractional of 2026, the Swiss banking elephantine posted nett net attributable to shareholders of $5.84bn, versus $4.08bn a twelvemonth ago.

First-half gross accrued to $27.94bn from $24.66bn successful the prior-year period.

Global Wealth Management remained the group's largest concern by gross successful the quarter, reporting $7.11bn, up from $6.3bn a twelvemonth earlier.

The Investment Bank recorded gross of $3.73bn, compared with $2.96bn a twelvemonth earlier.

Asset Management reported gross of $756m, down from $772m past year.

UBS said Global Wealth Management attracted $36bn successful nett caller assets successful the 2nd 4th and $73bn successful the archetypal half.

Asset Management posted nett caller wealth of $6bn for the 4th and $20bn for the archetypal six months of the year.

The slope besides said underlying transaction-based income successful Global Wealth Management roseate 23% twelvemonth connected twelvemonth successful the 2nd quarter.

Underlying gross successful the Investment Bank accrued 31% from a twelvemonth earlier.

Group invested assets reached a grounds $7.3trn astatine the extremity of June.

According to UBS, the $36bn of nett caller assets successful Global Wealth Management represented an annualised maturation complaint of 3% and helped thrust a 6% quarter-on-quarter summation successful invested assets, supported by inflows from Switzerland, EMEA and APAC.

In Asset Management, quarterly nett caller wealth was driven by separately managed relationship and ETF offerings, arsenic good arsenic Unified Global Alternatives.

For the 3rd quarter, UBS said it expects Global Wealth Management nett involvement income to emergence modestly, successful enactment with the sequential summation seen successful the 2nd quarter.

The slope besides said it plans to repurchase astatine slightest $1bn of shares implicit the adjacent 3 months.

UBS Group CEO Sergio Ermotti said: "Strong results successful the 2nd 4th and steadfast superior procreation person further fortified our equilibrium expanse for each seasons and let america to proceed deploying fiscal resources towards profitable maturation opportunities to enactment clients and present connected our superior instrumentality ambitions.

"We are good positioned to outperform our 2026 exit-rate instrumentality people and execute our exit-rate cost/income ratio target."

"UBS Q2 nett rises to $2.8bn arsenic revenues increase" was primitively created and published by Private Banker International, a GlobalData owned brand.