on UBS AG (ETR:UBRA)
UBS Reports Strong 2Q26 Results with $2.8bn Net Profit
UBS Group AG has announced a net profit of $2.8bn for the second quarter of 2026, and $5.8bn for the first half of the year. The group reported strong business momentum, with invested assets totaling $7.3trn. These results highlight significant improvements attributed to the integration of Credit Suisse and robust client engagement.
UBS's Global Wealth Management saw a net of $36bn in new assets during 2Q26, contributing significantly to profitability. Additionally, asset management netted $6bn in new money. UBS has made considerable advances in decommissioning legacy systems from Credit Suisse, achieving substantial cost savings and fortifying its capital position.
Looking forward, UBS maintains a promising outlook, propelled by continued investment in technology and a commitment to achieving set financial targets. With a CET1 capital ratio of 14.4%, UBS plans more share repurchases, ensuring strong shareholder returns while aligning with Swiss economic support.
R. H.
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