29. Jul 2026
Description
(AWP Alliance News) - UBS posted second-quarter 2026 net profit of USD 2.8 billion, with underlying pre-tax profit up 45% to USD 3.9 billion on a 16% rise in revenue to USD 13.3 billion, citing strong client activity in Global Wealth Management and record results in the Investment Bank. Global Wealth Management pre-tax profit rose 38% to USD 2 billion as net new assets reached USD 36 billion and invested assets climbed to a record USD 7.3 trillion, supported by demand for mandate-based solutions and loan growth.
The Investment Bank's pre-tax profit more than doubled to USD 1.2 billion as revenues rose 31% to USD 3.7 billion, driven by equities strength and capital markets activity while holding risk-weighted assets and the leverage ratio denominator broadly steady. The bank reported 8 percentage points of positive operating leverage and a 70% cost-income ratio, with cumulative gross cost reductions since end-2022 reaching USD 12.6 billion toward a USD 13.5 billion target by year-end.
It completed a prior share repurchase program and set a new USD 3 billion buyback to be finished by the end of second-quarter 2027, with at least USD 1 billion planned over the next three months, while maintaining a CET1 capital ratio around 14% versus 14.4% at quarter-end.
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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 July 29, 2026, and is solely responsible for the information contained therein.
