Meta Platforms Earnings Preview: What to Watch in Q1 2026 Report<\/a><\/p>\nTuckner reported reported net profit of CHF 3 billion and earnings per share of CHF 0.94. On an underlying basis, UBS posted pre-tax profit of CHF 4 billion, up 54% year over year. He said revenues increased to CHF 13.6 billion, with an 18% increase across core franchises.<\/p>\n
On a reported basis, Tuckner said pre-tax profit of CHF 3.8 billion included CHF 600 million of revenue adjustments and CHF 750 million of integration expenses. UBS expects integration costs of about CHF 700 million in the second quarter, with costs expected to \u201cmeaningfully taper throughout the rest of the year.\u201d<\/p>\n
The bank\u2019s CET1 capital ratio was 14.7% at the end of March, while the CET1 leverage ratio was 4.4%, both higher sequentially, Tuckner said. He added that UBS expects to maintain a CET1 ratio \u201cof around 14% at year-end,\u201d and noted that capital return intentions will be calibrated based on performance, outlook, and the evolving regulatory debate.<\/p>\n
Ermotti said UBS now expects to complete its current $3 billion share repurchase program by the time it reports second-quarter results in July. Asked what drove the change in buyback wording, management pointed to two factors: integration progress\u2014particularly the completed client migration\u2014and \u201cvery strong business performance,\u201d which Ermotti said is supporting capital generation. He said it was \u201cpremature\u201d to discuss the magnitude of potential buybacks in the second half.<\/p>\n
Business division highlights <\/p>\n
Global Wealth Management: Tuckner said GWM delivered nearly CHF 2 billion of pre-tax profit, up 28% year over year, with a 72% cost-income ratio. Net new assets totaled CHF 37 billion and net new fee-generating assets were CHF 38 billion. Asia Pacific generated CHF 600 million of pre-tax profit, up 40%, and recorded CHF 19 billion of net new assets. In the Americas, net new assets were CHF 5 billion, with management expecting seasonal U.S. tax-related outflows in the second quarter \u201cin the CHF low double-digit billions,\u201d while still expecting full-year net new assets in the Americas to be positive.<\/p>\n
Personal & Corporate Banking: UBS reported CHF 710 million of pre-tax profit, up 19%, with net new deposits of CHF 3.5 billion and net new loans of CHF 2.4 billion. Net interest income declined 3% year over year, reflecting what management described as the impact of the Swiss \u201czero rate environment\u201d since last June, while sequential NII was stable. UBS said it continues to expect credit loss expense to average around CHF 75 million per quarter, citing macro uncertainty.<\/p>\n
Asset Management: Pre-tax profit rose 21% to CHF 252 million. UBS posted CHF 14 billion of net new money, led by CHF 13 billion into ETFs and CHF 5 billion into U.S. SMA, according to management. Unified Global Alternatives ended the quarter with CHF 344 billion of invested assets and attracted CHF 12 billion of new commitments.<\/p>\n
Investment Bank: UBS said the Investment Bank delivered its most profitable first quarter on record, with CHF 1.2 billion of pre-tax profit, up 75%, and a 25% pre-tax ROE. Revenues climbed 31% to CHF 4 billion. Global Markets revenues were CHF 3.3 billion, which management said was the best quarterly performance on record, while Global Banking revenues rose 30% to CHF 733 million, including year-over-year ECM revenue growth that \u201cmore than doubled.\u201d<\/p>\n
Capital regulation debate and client behavior themes <\/p>\n
Ermotti addressed Switzerland\u2019s proposed bank capital regulation, saying UBS \u201cstrongly disagree[s]\u201d with the package because it is \u201cnot proportionate or aligned with international standards\u201d and \u201cdoes not reflect the root causes\u201d of the Credit Suisse crisis. He said there is \u201cbroad agreement\u201d the measures would require UBS to hold around CHF 22 billion in additional CET1 capital, on top of CHF 15 billion already required due to the acquisition under existing rules. Ermotti said that if finalized as drafted, this capital would be \u201ctrapped and unproductive\u201d and could hurt UBS\u2019s competitiveness, investment capacity, and sustainable returns.<\/p>\n
In Q&A, management said it would not make strategic decisions about footprint or focus areas before the parliamentary process provides a final outcome, though Ermotti acknowledged the ongoing uncertainty is \u201cnot ideal.\u201d UBS also said it continues to invest heavily in cyber resilience, with Ermotti calling cyber risk \u201cas important as credit and market risk nowadays.\u201d<\/p>\n
On client behavior, management said the Middle East conflict is reinforcing the importance of \u201csafety and balance sheet trust\u201d in wealth management. UBS said it is \u201cvery early\u201d to see meaningful booking center shifts, but believes some clients may reassess options over time. On private credit, management said interest has become \u201cmore measured\u201d amid a preference for liquidity and capital preservation, while noting continued demand for well-structured strategies and that client portfolio exposure to private credit remains \u201cquite minor.\u201d<\/p>\n
About UBS Group (NYSE:UBS) <\/p>\n
UBS Group AG is a Swiss multinational financial services firm that provides a broad range of banking and capital markets services to private, institutional and corporate clients. Headquartered in Zurich, UBS operates as a universal bank with a primary focus on wealth management, asset management, investment banking and retail and commercial banking in Switzerland. The firm serves high-net-worth and ultra-high-net-worth individuals, pension funds, corporations and institutional investors through a global network of offices.<\/p>\n
Key business activities include global wealth management\u2014offering financial planning, investment advisory, discretionary portfolio management and custody services\u2014alongside asset management products for institutional and retail investors.<\/p>\n
The article “UBS Group Q1 Earnings Call Highlights<\/a>” was originally published by MarketBeat.<\/p>\n","protected":false},"excerpt":{"rendered":"UBS Group logo UBS Group (NYSE:UBS) reported strong first-quarter 2026 results and said it has completed the migration…\n","protected":false},"author":2,"featured_media":1187,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[962,32011,7106,1549,223,1551],"class_list":{"0":"post-57542","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-chf","9":"tag-chief-financial-officer-todd-tuckner","10":"tag-pre-tax-profit","11":"tag-sergio-ermotti","12":"tag-ubs","13":"tag-ubs-group"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116487326748570886","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/57542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=57542"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/57542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/1187"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=57542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=57542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=57542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"UBS](\"https:\/\/www.europesays.com\/ch\/wp-content\/uploads\/2026\/02\/a10a8bdad08a5a92d592e9ac5ad555f6.jpeg\")
UBS Group logo <\/p>\n