Strong Financial Performance
UBS delivered a reported net profit of $2.5 billion, up 74% year-over-year, with an underlying pretax profit of $3.6 billion, up 50%.
Record Invested Assets
Invested assets reached nearly $7 trillion, with Global Wealth Management and Asset Management showing robust flows, surpassing $2 trillion in invested assets for the first time.
Successful Integration and Cost Savings
UBS has migrated over 700,000 client accounts onto its platforms and achieved $10 billion in gross run rate cost savings, one quarter ahead of schedule.
AI Advancements
UBS has developed 340 live AI use cases to enhance client experience and improve operational efficiency.
Investment Bank Outperformance
The Investment Bank reported a pretax profit of $787 million, more than doubling year-over-year, with revenues up by 23% to $3 billion.