UBS Reports Higher Second-Quarter Profit Amid Revenue Growth
UBS Group reported net profit attributable to shareholders of $2.8 billion for the second quarter of 2026, up from $2.39 billion in the same period last year. The Swiss bank's revenue increased by 13% to $13.7 billion during the quarter and rose to $27.94 billion over the first half of the year compared with prior-year figures. Global Wealth Management was UBS’s largest business segment, generating $7.11 billion in revenue for Q2, while its Investment Bank reported a 31% increase in underlying revenue from last year. UBS attracted significant net new assets across segments: $36 billion in the second quarter and $73 billion over six months in Global Wealth Management; $6 billion quarterly and $20 billion annually for Asset Management. The bank also announced plans to repurchase at least $1 billion of shares within three months, citing strong results that have strengthened its balance sheet. UBS CEO Sergio Ermotti expressed confidence in the firm’s ability to outperform return targets and achieve cost/income ratio goals as it continues investing in growth opportunities.
Tickers: $UBS
Topics: banking earnings report revenue growth share repurchase