Earnings ·
UBS posts $2.7bn Q3 net profit as it repurchases $4.8bn of shares year-to-date
UBSUBS Group AG
UBS Group AG reported a third-quarter net profit of $2.7 billion, or 85 cents per share, driven by a 14% increase in underlying pre-tax profit to $4.1 billion and revenue growth of 10%. The bank achieved a return on CET1 capital of 16.7% and a cost/income ratio of 68.7%, outperforming expectations as it nears the completion of its Credit Suisse integration. Management announced that it has repurchased $4.8 billion in shares year-to-date and accrued $2.8 billion for dividends, having already exceeded its 2026 capital return ambitions relative to pre-acquisition levels. The firm plans to complete its current buyback program with an additional $1.2 billion in the fourth quarter. UBS operates as a global financial services company providing wealth management, investment banking, and asset management services.