UBS Group reported a first-quarter net profit of $3.0 billion. This figure represents an 80% increase year-over-year. The result exceeded analyst expectations of approximately $2.3 billion.
Investment banking revenues rose 27% following a record quarter for the trading arm. Global wealth management transaction-based income increased by 17%. The wealth unit attracted $37.4 billion in net new assets. The bank saw positive asset flows across all geographic regions.
UBS reaffirmed plans to buy back at least $3 billion in shares during 2026. The bank completed the migration of all former Credit Suisse client accounts. Management expects to substantially complete the Credit Suisse integration by late 2026. The integration aims to unlock further operational efficiencies.