UBS profit rises 8% to $2.69 billion in Q3
Key points
- UBS Group AG (NYSE:UBS) reported third-quarter 2026 net profit of $2.69 billion, up 8% year over year but slightly below the $2.71 billion analyst consensus.
- Revenue rose 4.6% to $13.35 billion, while the Common Equity Tier 1 capital ratio increased to 14.7% from 14.4% in the previous quarter.
- UBS repurchased $1.8 billion in shares during the quarter and plans to complete its $3 billion buyback program by February 2027, according to the supplied report.
UBS Group AG (NYSE:UBS) reported third-quarter 2026 net profit of $2.69 billion, up 8% year over year but slightly below analyst expectations of $2.71 billion.
Revenue increased 4.6% to $13.35 billion from $12.76 billion a year earlier, while pre-tax profit rose 27% to $3.59 billion.
Global wealth management attracted $55.1 billion in net new assets, including $18 billion from Asia Pacific and $17 billion from the Americas, according to the supplied report.
During the period under review, the bank reported repurchasing $1.8 billion in shares.
UBS reported a Common Equity Tier 1 capital ratio of 14.7%, up from 14.4% in the previous quarter, as it continued integrating Credit Suisse.
The bank expects cumulative Credit Suisse integration cost savings to reach $13.7 billion and plans to accelerate completion of its $3 billion share buyback program to February 2027.
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