UBS reports Q1 EPS 94c vs. 51c last year

Reports Q1 revenue $14.2B vs. $12.6B last year. Reports CET1 capital ratio 14.7%. Reports tangible book value per share $27.50. Reports Q1 net profit $3.04B vs. $1.7B last year. “In the first quarter we continued helping clients navigate a volatile and unpredictable geopolitical and market environment, leveraging the strength and breadth of our global, diversified franchise. We delivered excellent financial results and remain on track to deliver on our financial objectives for 2026. Having now successfully transferred all client accounts in Switzerland, we achieved another crucial milestone in one of the most complex integrations in banking history. We are confident in subs (UBS)tantially completing the integration by year-end, positioning us for further sustainable growth. On the topic of Swiss capital requirements, we will continue to engage constructively and contribute to fact-based deliberations. These developments do not, and will not, change who we are as a firm. We remain committed to our diversified business model and our global and regional footprint. We are fully committed to protecting our shareholders while mitigating the impact of these increased requirements, if possible, on our clients, employees and the communities where we live and work.,” said CEO Sergio Ermotti.