UBS Group AG announced net profit of $2.8 billion for the second quarter of 2026, bringing first‑half net profit to $5.8 billion. Underlying profit before tax (PBT) was $3.9 billion for the quarter and $7.9 billion for the first half, while diluted earnings per share rose to $0.87 and $1.81 respectively.
Group invested assets stood at $7.3 trillion as of June 30, 2026. Capital strength remained solid with a CET1 ratio of 14.4% and a CET1 leverage ratio of 4.4%. Return on CET1 capital was 15.4% (underlying 16.4%) and the cost‑to‑income ratio improved to 72.9% (underlying 70.0%).
Core businesses delivered a 47% year‑on‑year increase in underlying PBT on a combined basis. Global Wealth Management added $36 billion of net new assets in the quarter ($73 billion in the first half) and saw transaction‑based income rise 23% YoY. Asset Management attracted $6 billion of net new money, while Investment Bank revenues grew 31% YoY. Personal & Corporate Banking originated CHF 2.2 billion of net new loans in the quarter, extending CHF 40 billion of credit to Swiss households and businesses.
The integration of Credit Suisse is progressing, with more than 90% of legacy applications decommissioned and roughly 70% fully shut down. Gross cost savings reached an additional $1.1 billion in Q2, taking cumulative savings to $12.6 billion and keeping the year‑end target of $13.5 billion on track.
Share‑repurchase activity continued. A $3 billion buy‑back programme, launched after a July completion of a prior programme, is slated to finish by the end of Q2 2027, with at least $1 billion planned for the next three months, subject to short‑term performance and maintaining a CET1 ratio near 14%.
Group CEO Sergio P. Ermotti said the results reflect the hard work required to turn the Credit Suisse acquisition into a value‑creating asset and underscored the bank’s ability to meet its 2026 exit‑rate return and cost‑income targets while remaining focused on client service and risk discipline.
