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The latest announcement is out from UBS Group AG ( (CH:UBSG) ).
UBS reported a strong first quarter of 2026, with net profit rising 80% year on year to USD 3.0 billion and a return on CET1 capital of 16.8%, driven by robust client activity, higher revenues in global wealth management and the investment bank, and disciplined cost control. The bank generated substantial asset inflows, including USD 37.4 billion of net new assets in Global Wealth Management and USD 14.0 billion in Asset Management, while maintaining a solid capital position with a CET1 ratio of 14.7% and continuing share buybacks and dividend growth.
The group reached a key milestone in integrating Credit Suisse by completing the migration of around 1.2 million client accounts, unlocking further efficiency gains and supporting its target to substantially complete integration by year-end. UBS delivered additional cost savings, bringing cumulative gross savings to USD 11.5 billion, continued to reduce non-core and legacy assets, and reiterated its commitment to a diversified global model as it engages with Swiss authorities on higher capital requirements while seeking to protect shareholders and limit impacts on clients and employees.
More about UBS Group AG
UBS Group AG is a global financial services firm headquartered in Zurich, operating across wealth management, investment banking, asset management and retail and corporate banking. The group focuses on high-net-worth and institutional clients worldwide, with a strong franchise in Switzerland and a diversified business model spanning global markets and advisory services.
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