Description
(AWP Alliance News) - UBS management commentary attributed third-quarter 2026 earnings growth to higher revenues and disciplined cost management, with reported net profit of 2.7 billion. Underlying pretax profit rose 14% to 4.1 billion as revenue growth outpaced expense growth.
Wealth management attracted 55 billion in net new assets, supported by broad-based regional inflows and major client liquidity events. Investment banking benefited from strong equities activity, with Global Markets revenue rising 17% to 2.5 billion.
Management expects cumulative gross cost savings to reach around 13.7 billion by year-end, exceeding its 13.5 billion ambition as the Credit Suisse integration concludes.
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Disclaimer: This news brief was created using generative artificial intelligence. UBS Group AG published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.
