UBS Reports Strong Q2 2026 Results with Record Revenues and Profit Growth
UBS Group AG reported a net profit of $2.8 billion for the second quarter of 2026, driven by strong performance across its core businesses despite integration expenses totaling $750 million in the period. Underlying pretax profit rose to $3.9 billion, up 45% year-over-year, with total revenues reaching $13.3 billion—a 16% increase—due to broad-based growth. The Investment Bank delivered a record pretax profit of $1.2 billion and achieved a return on equity (ROE) of 23%, while Global Wealth Management added $36 billion in net new assets, reflecting robust client inflows. The firm also reported significant progress toward its cost synergy targets, with cumulative gross reductions reaching $12.6 billion—close to the $13.5 billion goal by year-end. UBS announced a share repurchase program of up to $3 billion and plans to execute at least $1 billion in buybacks over the next three months. The CET1 capital ratio stood at 14.4%, supporting continued investment and shareholder returns.
Tickers: $UBS