UBS surprised: 2.4 billion net profit

UBS surprised: 2.4 billion net profit

The combined large bank is still on the road to success. Moreover, WEATTH Management in particular gave in in the second quarter. Furthermore, UBS also made further progress in the integration process. Furthermore,

UBS achieved a net profit of $ 2.4 billion in the second quarter, a return on the hard core capital (Rocet1) of 13.5 percent and 15.3 percent on the basis of the basis. Nevertheless, The institute announced this on Wednesday. Meanwhile,

With an increase of 111 percent higher than expected, the net profit was higher: analysts had expected around $ 2 billion. However,

Global Wealth Mangement: Higher Trips, more yield

Global Wealth Management with asset inflows of $ 54.8 billion in the first half of the year was the driver for the positive development. Meanwhile, The transaction -based yield ubs surprised: 2.4 billion net in this area was increased by 12 percent (Year to Year) in the second quarter. With an increase in earnings of 25 percent, Global Markets achieved a record result in the second quarter.

Several special effects

As a result. special effects such as a dissolution of provisions of $ 427 million for legal disputes in connection with Credit Suisse and a tax credit of $ 577 million.

The group’s managed assets rose by 8 percent to $ 6.6 trillion compared to the previous quarter. This is mainly the positive development at Global Wealth Management, Asset Management and Personal & Corporate Banking.

Non-Core and Legacy, on the other hand, recorded a decline in income of $ 484 million compared to the previous year.

Weaker Switzerland business

Switzerland business, Personal & Corporate Banking, suffered primarily from the deep interest (from 1.02 billion to CHF 907 million). The ubs surprised: 2.4 billion net total amount decreased by 161 million or 8 percent to CHF 1.9 billion. The input tax profit amounts to CHF 557 million (-14 percent).

On course in integration

UBS has now migrated a third of the customer accounts when integrating the Credit Suisse in Switzerland. finews.ch reported about it. Among other things. the migration of the accounts of Credit-Suisse customers booked outside of Switzerland were closed onto the UBS platform. UBS is confident that it can complete the transfer of the Swiss booking centers by the end of the. first quarter of 2026.

In addition. UBS made further progress in the simplification of the legal structure in the USA and Europe in the second quarter.

In the case of costs, additional savings of gross $ 0.7 billion are achieved in the reporting quarter. 70 percent of the total savings of $ 13 billion were achieved, which UBS targets ubs surprised: 2.4 billion net by the end of 2026. This is also expressed in the cost/inc out come ratio, which sank to 75.4 percent and thus approaches the target tape of less than 70 percent.

Further stock returns planned

UBS has completed stocks of $ 0.5 billion and is planning further return purchases of up to $ 2.0 billion in the second half of the year. In addition, the dividend in the double -digit percentage range is to be increased.

“We have maintained a solid. resistant balance in every environment and at the same time implemented our plans for capital return,” says CEO Sergio Ermotti.