UBS Posts $2.8B Q2 Profit; Integration Savings Hit $12.6B, CET1 at 14.4%
UBS sits 49% above its 52-week low of $35.94.
Summary
UBS reported Q2 2026 net profit of $2.8 billion, with Credit Suisse integration savings reaching $12.6 billion. A new $3 billion buyback was announced, and the CET1 ratio remained strong at 14.4%.
Key Events · Earnings and Guidance · UBS
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Q2 Net Profit $2.8B
Net profit attributable to shareholders reached $2.8 billion in Q2 2026, a 17% year-over-year increase fueled by higher revenues across all divisions.
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Integration Savings Reach $12.6B
Cumulative gross cost savings from the Credit Suisse integration hit $12.6 billion, with more than 90% of legacy IT applications decommissioned. The bank remains on track to achieve $13.5 billion in annualized exit rate savings by end-2026.
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New $3B Share Buyback Program
After completing its latest buyback, UBS launched a new $3 billion program, with at least $1 billion to be repurchased over the next three months, subject to financial performance and regulatory developments.
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CET1 Capital Ratio at 14.4%
The CET1 ratio dipped from 14.7% to 14.4%, reflecting a $3 billion capital reserve for future buybacks and dividend accruals, partly offset by operating profit. It remains above the bank's target of around 14%.
Analysis · UBS · Finance
A strong second quarter delivered net profit of $2.8 billion, pushing first-half earnings to $5.8 billion. With cumulative gross cost savings from the Credit Suisse integration now at $12.6 billion and over 90% of legacy IT applications decommissioned, the bank is nearing the finish line on that front. A new $3 billion share buyback program was unveiled, with at least $1 billion earmarked for the next three months. The CET1 ratio stands at 14.4%, comfortably above requirements. While the results underscore that the integration is on track and profitability remains robust, the outlook acknowledges geopolitical uncertainty and volatile energy prices.
At the time of this filing, UBS was trading at $53.52 on NYSE in the Finance sector, with a market capitalization of approximately $157.5B. The 52-week trading range was $35.94 to $55.15. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.