UBS Group AG reported a net profit of $2.8 billion for the second quarter of 2026, with underlying pretax profit rising 45% year-over-year to $3.9 billion. Total revenues increased 16% to $13.3 billion, driven by broad-based growth across core franchises, while cumulative gross cost reductions reached $12.6 billion, nearing the $13.5 billion target by year-end. Global Wealth Management pretax profit grew 38% to $2 billion, supported by $36 billion in net new assets and record mandate penetration, and the Investment Bank more than doubled its pretax profit to $1.2 billion with record second-quarter revenues. The company announced a new $3 billion share repurchase program, intending to execute at least $1 billion over the next three months, and its CET1 capital ratio stood at 14.4%. Group invested assets reached a record $7.3 trillion, and management expressed confidence in exceeding 2026 exit rate return targets while noting ongoing geopolitical and interest rate uncertainties.
UBS Group AGUBS reported strong Q2 2026 earnings with net profit of $2.8B, underlying pretax profit up 45%, and announced a $3B share buyback.