UBS Q2 profit rises 17% to $2.8 billion, launches $3 billion buyback
Key Takeaways
- •Second-quarter net profit increased 17% to $2.8 billion and exceeded analyst forecasts.
- •Stronger wealth management and investment banking results supported UBS’s earnings.
- •UBS announced a $3 billion share buyback plan.
- •The bank said cumulative savings from Credit Suisse integration had reached $12.6 billion.
- •UBS has reduced its workforce to below 100,000 as it continues the integration process.
UBS reported a 17% increase in second-quarter net profit to $2.8 billion, topping analyst expectations as stronger wealth management and investment banking results supported earnings.
The Swiss lender also announced a $3 billion share buyback plan. In addition, UBS said it had achieved $12.6 billion in cumulative savings from the integration of Credit Suisse while reducing its workforce to below 100,000.
The latest results come as UBS continues to manage the financial and operational effects of its takeover of Credit Suisse, including cost-cutting and capital allocation decisions. The share buyback plan was disclosed alongside the bank’s update on integration progress and workforce reduction, underscoring how the merger continues to shape UBS’s reporting and use of capital.
US Markets
As on 29 Jul 2026, 01:30 AM IST
