UBS Group has reported net profit attributable to shareholders of $2.8bn in the second quarter of 2026, up from $2.39bn a year earlier.
Revenue for the quarter ended 30 June 2026 rose 13% to $13.7bn, compared with $12.11bn in the same period last year.
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For the first half of 2026, the Swiss banking giant posted net profit attributable to shareholders of $5.84bn, versus $4.08bn a year ago.
First-half revenue increased to $27.94bn from $24.66bn in the prior-year period.
Global Wealth Management remained the group’s largest business by revenue in the quarter, reporting $7.11bn, up from $6.3bn a year earlier.
The Investment Bank recorded revenue of $3.73bn, compared with $2.96bn a year earlier.
Asset Management reported revenue of $756m, down from $772m last year.
UBS said Global Wealth Management attracted $36bn in net new assets in the second quarter and $73bn in the first half.
Asset Management posted net new money of $6bn for the quarter and $20bn for the first six months of the year.
The bank also said underlying transaction-based income in Global Wealth Management rose 23% year on year in the second quarter.
Underlying revenue in the Investment Bank increased 31% from a year earlier.
Group invested assets reached a record $7.3trn at the end of June.
According to UBS, the $36bn of net new assets in Global Wealth Management represented an annualised growth rate of 3% and helped drive a 6% quarter-on-quarter increase in invested assets, supported by inflows from Switzerland, EMEA and APAC.
In Asset Management, quarterly net new money was driven by separately managed account and ETF offerings, as well as Unified Global Alternatives.
For the third quarter, UBS said it expects Global Wealth Management net interest income to rise modestly, in line with the sequential increase seen in the second quarter.
The bank also said it plans to repurchase at least $1bn of shares over the next three months.
UBS Group CEO Sergio Ermotti said: “Strong results in the second quarter and healthy capital generation have further fortified our balance sheet for all seasons and allow us to continue deploying financial resources towards profitable growth opportunities to support clients and deliver on our capital return ambitions.
“We are well positioned to outperform our 2026 exit-rate return target and achieve our exit-rate cost/income ratio target.”
