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UBS Group AG
(NYSE:UBSG)
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Rating:64Neutral
Price Target:
CHF45.00
▲(6.36% Upside)
Action:Reiterated
Date:07/29/26
Overall score reflects a strong earnings-call backdrop (growth, cost-synergy delivery, and buyback plans) and a constructive price trend above key moving averages. These positives are tempered by the weakest fundamental area—cash-flow deterioration in 2025 alongside high leverage—which elevates risk and limits the financial-performance score; valuation is moderate with a modest dividend yield.
Positive Factors
Scale of invested assets
A $7.3tn invested-asset base supports durable, fee-based revenue and cross-selling across wealth, asset management and banking. Large AUM reduces dependence on trading cycles, provides stable recurring fees, and underpins long-term client stickiness and scale economics.
Negative Factors
Weak cash generation
Negative operating and free cash flow despite positive net income indicates poor cash conversion and higher reliance on balance-sheet funding. Persisting cash-generation weakness limits self-funded investment, constrains payouts and increases sensitivity to funding costs over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale of invested assets
A $7.3tn invested-asset base supports durable, fee-based revenue and cross-selling across wealth, asset management and banking. Large AUM reduces dependence on trading cycles, provides stable recurring fees, and underpins long-term client stickiness and scale economics.
Read all positive factors
UBS Group AG (UBSG) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF131.87B
Dividend Yield1.97%
Average Volume (3M)6.14M
Price to Earnings (P/E)18.0
Beta (1Y)1.12
Revenue Growth-9.74%
EPS Growth42.77%
CountryCH
Employees99,085
SectorFinancial
Sector Strength70
IndustryInvestment - Banking & Investment Services
Share Statistics
EPS (TTM)2.98
Shares Outstanding3,277,805,200
10 Day Avg. Volume4,948,413
30 Day Avg. Volume6,137,467
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.29
Price to Sales (P/S)1.57
P/FCF Ratio7.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF45.16Price Target Upside6.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)3.64
Revenue Forecast (FY)CHF53.42B
UBS Group AG Business Overview & Revenue Model
Company Description
Globally, UBS Group AG offers a comprehensive suite of financial advisory services and innovative solutions to a diverse clientele, encompassing private individuals, institutions, and corporations. Its operations are segmented into four main divis...
How the Company Makes Money
UBS makes money primarily by earning fees, commissions, trading and investment income, and net interest income across its main business lines.
1) Wealth Management (largest profit center historically): UBS earns recurring management fees on clien...
UBS Group AG Earnings Call Summary
Earnings Call Date:Jul 29, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call highlighted broad-based revenue and profit growth, record invested assets, strong Investment Bank and Global Wealth Management performance, substantial cost-synergy progress and a fortified balance sheet. Key near-term negatives included integration-related costs, the CET1 impact from the buyback accrual, continued U.S. adviser rotation and some revenue effects from prior disposals and mix in fixed income. On balance the positives around earnings power, client flows, cost realization and capital returns materially outweigh the lowlights.Positive Updates
Record Invested Assets and Strong Asset-Gathering
Group invested assets reached a record $7.3 trillion; Global Wealth & Asset Management combined exhibited robust inflows with GWM net new assets of $36 billion (3% annualized) and Asset Management net new money of $6 billion. UGA invested assets reached $366 billion and My Way discretionary solutions exceeded $40 billion (up 75% YoY).
Negative Updates
Integration and One-off Costs
Reported pretax profit included $352 million of revenue adjustments and $645 million of integration expenses in Q2; integration-related expenses expected to be ~ $750 million in H2 (split roughly evenly between Q3 and Q4).
Read all updates
Q2-2026 Updates
Positive
Negative
Record Invested Assets and Strong Asset-Gathering
Group invested assets reached a record $7.3 trillion; Global Wealth & Asset Management combined exhibited robust inflows with GWM net new assets of $36 billion (3% annualized) and Asset Management net new money of $6 billion. UGA invested assets reached $366 billion and My Way discretionary solutions exceeded $40 billion (up 75% YoY).
Read all positive updates
Company Guidance
UBS provided clear forward guidance across capital, costs and business lines: a $3bn share‑repurchase program to be completed by no later than Q2 2027 (with at least $1bn to be bought in the next three months) while targeting a CET1 ratio around 14% (group CET1 14.4% at end‑June; CET1 leverage 4.4%; parent stand‑alone CET1 14.4%); integration‑related expenses of ~ $750m in H2 (split roughly evenly between Q3 and Q4; Q2 integration expense was $645m); cumulative cost synergies at $12.6bn with >90% realized and the $13.5bn target on track for year‑end (Q2 gross cost reductions $1.1bn); exit‑rate objectives intact as first‑half return on CET1 (~17% / underlying 16.4%) and a group cost/income ratio of 70% put the firm “ahead or within striking distance” of 2026 targets; NCL operating expenses excluding litigation expected to be ~ $400m at the 2026 exit rate; balance‑sheet / liquidity positioning to be preserved with $1.7tn total assets, total loss‑absorbing capacity $194bn, NSFR 115% and LCR 177%; capital actions and buyback pace remain conditional on maintaining ~14% CET1 and on Swiss Parliament deliberations; and business guidance included GWM net interest income growth of ~10% in 2026 vs 2025 (Q3 modestly higher), P&C NII flat to slightly up in Q3, and P&C credit loss expense around CHF75m per quarter in H2 (full‑year P&C CLE now expected below ~CHF300m).UBS Group AG Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.42B | 73.84B | 81.29B | 57.38B | 39.83B | 38.32B |
| Gross Profit | 48.80B | 46.77B | 44.80B | 32.36B | 33.24B | 35.21B |
| EBITDA | 14.60B | 12.38B | 10.62B | 27.38B | 11.66B | 11.60B |
| Net Income | 9.28B | 7.77B | 5.09B | 23.41B | 7.63B | 7.46B |
Balance Sheet | ||||||
| Total Assets | 1.71T | 1.62T | 1.57T | 1.72T | 1.10T | 1.12T |
| Cash, Cash Equivalents and Short-Term Investments | 367.55B | 223.73B | 227.90B | 319.36B | 175.06B | 203.64B |
| Total Debt | 375.26B | 344.73B | 353.05B | 399.50B | 212.81B | 230.65B |
| Total Liabilities | 1.62T | 1.53T | 1.48T | 1.63T | 1.05T | 1.06T |
| Stockholders Equity | 89.17B | 90.21B | 85.08B | 85.62B | 56.88B | 60.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.16B | 15.46B | 1.27B | 84.38B | 13.00B | 29.58B |
| Operating Cash Flow | -46.39M | 17.33B | 3.28B | 86.07B | 14.65B | 31.43B |
| Investing Cash Flow | -7.73B | -18.09B | 709.00M | 103.23B | -12.45B | -2.12B |
| Financing Cash Flow | -16.34B | -24.48B | -84.17B | -58.26B | -9.09B | 10.35B |
UBS Group AG Technical Analysis
Positive
42.31
Price Trends
41.64
Positive
37.72
Positive
35.02
Positive
Market Momentum
0.59
Positive
60.47
Neutral
75.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:UBSG, the sentiment is Positive. The current price of 42.31 is below the 20-day moving average (MA) of 42.97, above the 50-day MA of 41.64, and above the 200-day MA of 35.02, indicating a bullish trend. The MACD of 0.59 indicates Positive momentum. The RSI at 60.47 is Neutral, neither overbought nor oversold. The STOCH value of 75.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:UBSG.
UBS Group AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | CHF5.00B | 13.23 | 9.43% | 3.74% | 11.49% | 51.27% | |
66 Neutral | CHF5.22B | 18.52 | 12.14% | 4.07% | -0.85% | -25.22% | |
65 Neutral | CHF10.66B | 24.82 | 8.33% | 3.44% | -12.79% | -2.47% | |
64 Neutral | CHF131.87B | 17.98 | 10.26% | 2.02% | -9.74% | 42.77% | |
64 Neutral | CHF2.10B | 15.34 | 28.56% | 2.45% | 5.94% | 15.73% | |
48 Neutral | CHF88.25M | -1.48 | -150.51% | ― | -35.48% | 20.77% |
* Financial Sector Average
CH:UBSG
UBS Group AG
43.55
12.26
39.17%
CH:BCVN
Banque Cantonale Vaudoise
124.10
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40.51%
CH:CFT
Compagnie Financiere Tradition SA
267.50
28.85
12.09%
CH:EFGN
EFG International AG
17.22
1.94
12.70%
CH:GAM
GAM Holding AG
0.08
-0.02
-21.78%
CH:VONN
Vontobel Holding AG
89.80
31.55
54.16%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.