Earnings ·
UBS Group AG reported second quarter 2026 results with a net profit of $2.8 billion and earnings per share of 87 cents
UBSUBS Group AG
UBS Group AG reported second quarter 2026 results with a net profit of $2.8 billion and earnings per share of 87 cents. Underlying pre-tax profit rose 45% year-over-year to $3.9 billion, driven by strong revenue growth of 16% to $13.3 billion and positive operating leverage that lowered the cost-income ratio to 70%. The company announced a new share repurchase program totaling $3 billion, with an intention to buy back at least $1 billion over the next three months, targeting completion by the second quarter of 2027. UBS also highlighted record invested assets of $7.3 trillion and continued progress in integrating Credit Suisse, aiming for $13.5 billion in gross cost savings by year-end. The company operates in the global financial services industry, providing wealth management, asset management, investment banking, and personal and corporate banking services.