UBS Group AG shares rose 1.86% in pre-market trading to $52.99 after closing 0.97% lower at $52.03. The move followed stronger second-quarter earnings, continued client inflows, and an expanded share repurchase plan. UBS reported $2.8 billion in net profit, supported by savings from the Credit Suisse integration, underscoring how the bank’s multi-year merger work is still feeding through to results.

UBS Reports Strong Profit and Revenue Growth

UBS generated $3.6 billion in second-quarter profit before tax, up 64% from a year earlier. Underlying profit before tax reached $3.9 billion, while diluted earnings came in at $0.87 per share. The bank also posted a 15.4% return on common equity tier one capital.

Reported revenue rose 13% to $13.7 billion, driven by broad growth across the main businesses. Underlying revenue increased 16% to $13.35 billion, while core business revenue grew 14%. Global Wealth Management and the Investment Bank were the largest contributors in the quarter.

Global Wealth Management underlying revenue rose 14% to nearly $7 billion across all major revenue lines. Investment Bank underlying revenue increased 31%, helped by record second-quarter Global Markets performance. Global Banking revenue advanced 33% as capital markets activity strengthened in equity and debt services.

Client Assets Reach Record Levels as Integration Continues

UBS ended the quarter with a record $7.3 trillion in group invested assets. Global Wealth Management recorded $36 billion in net new assets during the quarter. Asset Management added $6 billion in net new money, led by managed accounts and exchange-traded funds.

The bank also granted or renewed about CHF 40 billion in loans across Switzerland. Personal and Corporate Banking reported CHF 2.2 billion in net new loans during the quarter. The division also added clients while continuing to support households and businesses with credit and advisory services.

UBS completed the global migration of former Credit Suisse client accounts in March 2026. It has since entered the final phase of the integration process. Management expects most remaining integration work to be completed by the end of 2026, making the savings and system reductions a key part of the bank’s cost base rather than a one-off benefit.

UBS Expands Buybacks and Maintains Capital Strength

UBS delivered another $1.1 billion in gross cost savings in the second quarter. Total savings reached $12.6 billion since 2022, representing more than 90% of its target. The bank expects gross savings of about $13.5 billion by the end of 2026.

More than 90% of targeted legacy Credit Suisse applications are no longer in use, and UBS has fully decommissioned about 70% of those systems as migration work continues. The company said these steps support lower operating costs and its target cost-to-income ratio below 70%.

UBS maintained a 14.4% CET1 capital ratio and a 4.4% CET1 leverage ratio. The bank plans a $3 billion share repurchase program by the end of June 2027 and expects to repurchase at least $1 billion in shares over the next three months.