Deutsche Bank and UBS reported second-quarter 2026 profits that rival top-tier Wall Street firms, driven by strong investment banking and wealth management results amid a re-rating of the European banking sector. Deutsche Bank posted a record post-tax profit of €1.9 billion, with its Investment Bank pre-tax profit surging 59% year-over-year to €1.3 billion, while UBS reported a pre-tax profit of $3.6 billion, up 47% year-over-year. UBS added $36 billion in net new assets in wealth management and realized an additional $1.1 billion in run-rate cost savings from its Credit Suisse integration, bringing total gross cost reductions to $12.6 billion. Deutsche Bank trades at a forward P/E of 8.48x with a near-absence of bearish bets, while UBS trades at a premium 12.67x multiple, reflecting its global wealth management franchise.
Deutsche Bank AktiengesellschaftRecord post-tax profit of €1.9B and 59% surge in Investment Bank pre-tax profit.
UBS Group AGPre-tax profit up 47% to $3.6B, with $36B net new assets and $1.1B additional cost savings.
