UBS delivered a solid second quarter with a net profit of $2.8 billion, pushing its shares up 1.86% in early trading. Revenue for the quarter climbed to $13.7 billion, reflecting broad strength across key divisions including Global Wealth Management and Investment Banking.
solid Earnings and Revenue Growth
The bank reported $3.6 billion in profit before tax, a 64% increase year-over-year, with underlying profit before tax hitting $3.9 billion. Diluted earnings per share came in at $0.87 while return on common equity tier one capital stood at a healthy 15.4%. Core business revenue rose 14%, buoyed by a 14% increase in Global Wealth Management's revenue, which neared $7 billion. Investment Bank revenues surged 31%, driven by record performances in Global Markets, while Global Banking revenues jumped 33% amid stronger equity and debt capital market activities.
Asset Growth and Integration Progress
Client assets hit an all-time high of $7.3 trillion, with Global Wealth Management attracting $36 billion in net new assets during the quarter. Asset Management contributed an additional $6 billion, led by managed accounts and ETFs. UBS also expanded lending in Switzerland, granting or renewing CHF 40 billion in loans, with Personal and Corporate Banking adding CHF 2.2 billion in net new loans and growing its client base. The integration of Credit Suisse client accounts, completed globally in March 2026, is now in its final stages, delivering $12.6 billion in cost savings so far. UBS announced plans for $3 billion in share buybacks while maintaining a strong capital position with a 14.4% CET1 ratio.
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