UBS Group Reports Strong Q2 Earnings with Record Investment Bank Revenue
UBS Group AG (NYSE:UBS) reported strong second-quarter results in July 2026, posting a net profit of CHF 2.8 billion and underlying pre-tax profit up 45% year-over-year to CHF 3.9 billion. The growth was driven by wealth management and the investment bank, which saw record revenue of $3.7 billion. UBS also announced additional cost savings of CHF 1.1 billion for the quarter, bringing cumulative reductions since 2022 to CHF 12.6 billion. The firm is nearing completion of its Credit Suisse integration and has realized over 90% of expected cost synergies from that acquisition by year-end 2026. UBS also announced a new share-repurchase program worth CHF 3 billion, with at least CHF 1 billion to be repurchased in the next three months. Despite positive results and strong operating leverage (8 percentage points) and cost-income ratio of 70%, management warned that geopolitical tensions, energy prices, inflation, and interest rates could lead to market volatility. UBS's return on CET1 capital reached about 17% for the first half.
Topics: banking credit_suisse_integration profitability share-buybacks