Earnings ·
UBS posts $2.7bn Q3 net profit, raises full-year cost savings outlook to $13.7bn
UBSUBS Group AG
UBS Group AG reported third-quarter 2026 net profit attributable to shareholders of USD 2,690 million, up from USD 2,481 million in the prior year period. Total revenues reached USD 13,350 million, driven by higher net fee and commission income and a USD 697 million gain from settling legacy legal matters, partially offset by a USD 346 million loss on repurchasing legacy Credit Suisse debt. Operating expenses decreased to USD 9,648 million as integration-related costs declined. The bank updated its full-year gross cost savings guidance for the Credit Suisse integration to approximately USD 13.7 billion, exceeding previous targets. UBS operates in the global financial services industry, providing wealth management, investment banking, and asset management solutions.