Profit of Global Banking Giant UBS Rises by 27%
Net new assets in global wealth management reach $55.1 billion
Swiss banking giant UBS reported its results for the third quarter of 2026: the bank's pre-tax profit increased by 27% year-on-year, reaching nearly $3.6 billion, which aligned with analysts' forecasts.
The credit institution's net profit for July–September amounted to $2.7 billion. The Common Equity Tier 1 (CET1) capital adequacy ratio rose to 14.7%, up from 14.4% in the previous quarter.
Key indicators and Credit Suisse integration: - Fund inflows. The Global Wealth Management division attracted $55.1 billion in net new assets. The total volume of new client commitments in the Wealth and Asset Management divisions reached $12.5 billion. - Cost optimization. The integration of the acquired Credit Suisse is ahead of schedule and will be completed before the end of the year.
Cumulative cost savings have reached $13.7 billion (previously forecasted at $13.5 billion).
'In a challenging market environment, our strong third-quarter results once again demonstrated the advantages of a diversified global business model and disciplined execution,' stated UBS CEO Sergio Ermotti.
