UBS Group AG
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Range $19.24359822 – $34
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About the company
UBS Group AG, a financial services giant headquartered in Zurich, Switzerland, since its founding in 1862 (and known as UBS AG until its name change in December 2014), delivers a comprehensive range of financial advice and solutions to a global clientele of private individuals, institutions, and corporations. The firm structures its operations across four primary business segments: The Global Wealth Management division caters specifically to affluent and ultra-high-net-worth clients. It provides sophisticated investment guidance, various lending products, including mortgages and securities-based loans, and extensive planning services encompassing estate and wealth management, philanthropy, corporate and banking services, and family advisory.
- CEO
- Sergio Ermotti
- IPO
- 2000
- Employees
- 103,177
- HQ
- Zurich, ZH, CH
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $160.20B
- P/E
- 16.46
- Fwd P/E
- 13.44
- PEG
- 0.33
- P/S
- 2.62
- P/B
- 1.70
- EV/EBITDA
- 21.84
- Div Yield
- 2.10%
- Gross Margin
- 79.46%
- Op Margin
- 18.92%
- Net Margin
- 15.11%
- ROE
- 10.26%
- ROIC
- 1.32%
Latest fiscal year · YoY change
- Revenue
- $73.84B-0.5%
- Gross Profit
- $46.77B+13.8%
- Op Income
- $8.85B
- Net Income
- $7.77B+68.2%
- EPS
- $2.46+54.7%
- OCF Growth
- +428.5%
- FCF Growth
- +1116.2%
- 52W High
- $55.99
- 52W Low
- $36.30
- 50D MA
- $52.42
- 200D MA
- $47.03
- Beta
- 0.83
- RSI (14)
- 41
- Avg Volume
- 1.92M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
UBS posted a strong second quarter with higher revenue, double-digit profit growth, record wealth/investment activity, and continued integration progress, while reiterating large buybacks and constructive 2026 targets.· July 29, 2026
- Reported net profit was $2.8 billion and EPS was $0.87; underlying pretax profit rose 45% year over year to $3.9 billion and revenue increased 16% to $13.3 billion.
- Global Wealth Management, the Investment Bank, and Asset Management all grew, while Group invested assets reached a record $7.3 trillion.
- UBS said it is close to substantially completing the Credit Suisse integration by year-end, with more than 90% of legacy business applications no longer in use.
- The bank is on track for $13.5 billion of cumulative cost synergies by year-end and said more than 90% of expected synergy savings are already realized.
- Management launched a new share repurchase program to buy back $3 billion of stock by no later than 2Q 2027, with at least $1 billion targeted over the next 3 months.
Reported net profit was $2.8 billion and EPS was $0.87. On an underlying basis, pretax profit was $3.9 billion, up 45% year over year; revenues were $13.3 billion, up 16%; return on CET1 capital was 16.4%; and the cost/income ratio was 70%. On a reported basis, pretax profit was $3.6 billion, including $352 million of revenue adjustments and $645 million of integration expenses. Cost reductions reached $1.1 billion in the quarter, bringing cumulative savings since end-2022 to $12.6 billion, and UBS said it remains on track for $13.5 billion of synergies by year-end. The CET1 capital ratio ended at 14.4%, with CET1 leverage ratio at 4.4%; tangible book value per share was $26.89. For guidance, UBS expects 2H integration-related expenses of about $750 million and a full-year tax rate of 23%. GWM NII is expected to rise modestly in 3Q and around 10% for full-year 2026 versus 2025. P&C NII is expected to be flat to slightly higher in 3Q, and P&C full-year credit loss expense is now expected to come in below the prior estimate of around CHF 300 million. NCL exit-rate operating expenses, excluding litigation, are expected to be around $400 million.
Sergio Ermotti framed the quarter as evidence that the Credit Suisse acquisition is now paying off, saying UBS is close to matching pre-deal profitability and has built a stronger, more scalable franchise. He emphasized broad market resilience, strong client sentiment, and the benefits of the firm’s One Bank model, especially in wealth management, the investment bank, and the APAC and Americas regions. He sounded constructive but cautious, noting geopolitical uncertainty and energy-price volatility, while saying UBS is well positioned to outperform its 2026 exit-rate return target and cost/income target.
Todd Tuckner highlighted broad-based earnings strength, with underlying pretax profit of $3.9 billion, revenue of $13.3 billion, and 16.4% return on CET1 capital. He said operating expenses were down 7% excluding variable compensation, litigation, and currency effects, and that UBS achieved 8 points of positive operating leverage. He also pointed to $1.1 billion of quarterly gross cost reductions, $12.6 billion of cumulative savings, CET1 capital ratio of 14.4%, total assets of $1.7 trillion, TLAC of $194 billion, NSFR of 115%, and LCR of 177%. On capital returns, he explained the new $3 billion buyback program, the $1 billion minimum planned in the next 3 months, and the flexibility around timing depending on performance, capital levels, and Swiss parliamentary discussions.
Analysts focused on why the Investment Bank was able to grow revenue without materially expanding balance sheet usage; management said the quarter reflected disciplined resource allocation, stronger equities intermediation, greater use of prime brokerage financing balances, and shifting capital toward areas with better opportunity. Questions on the U.S. wealth adviser exits led management to say the drag should taper through 2026, though there is a lag in reported headcount, and that the Americas wealth franchise is still expected to contribute positively to full-year net new assets. Analysts also pressed on Asia, including China’s ODI rules and Hong Kong affluent-market opportunities; UBS said ODI changes were not a material constraint or immediate flow impact, and that it is selectively investing in adviser capacity and digital scalability while not depending on any single driver like IPO lockups.
The call pointed to strong underlying momentum across UBS’s core businesses, with record or near-record activity in wealth, investment banking, and asset gathering. Management sounded confident that integration savings, capital generation, and client engagement are translating into durable profitability, with scope to outperform the 2026 exit-rate targets.
Management acknowledged that geopolitical developments, volatile energy prices, and uncertain inflation/rate dynamics could still pressure sentiment and market conditions. There are also ongoing watch points around U.S. wealth adviser attrition, Swiss capital-rule deliberations, and the possibility that some of this quarter’s unusually strong Asia and equities activity may not repeat at the same level.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 92.9%
- Shares Outstanding
- 3.28B
- Float Shares
- 3.05B
of shares held by institutions
813 13F filers
Congressional trading
Senate and House stock disclosures for UBS, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Alan ArmstrongSenate | Buy | Mar 30, 26 | Filing → |
| John R. CurtisSenate · UT | Buy | Jun 2, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jan 9, 26 | Filing → |
| Ro KhannaHouse · CA17 | Buy | May 22, 25 | Filing → |
| Bruce WestermanHouse · AR04 | Sell | Apr 21, 25 | Filing → |
| Bruce WestermanHouse · AR04 | Buy | Mar 3, 25 | Filing → |
| Mikie SherrillHouse · NJ11 | Sell | Mar 7, 25 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Oct 2, 24 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jun 21, 24 | Filing → |
| Mikie SherrillHouse · NJ11 | Sell | May 14, 24 | Filing → |
| Mikie SherrillHouse · NJ11 | Sell | May 13, 24 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Sep 6, 23 | Filing → |
| Daniel GoldmanHouse · NY10 | Sell | Jul 10, 23 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Feb 10, 23 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 139.11M | ▲ 1.76M |
| Ubs Group AG | 107.14M | ▲ 247.08K |
| Vanguard Capital Management LLC | 98.08M | ▲ 816.47K |
| Norges Bank | 95.85M | ▲ 95.85M |
| Fisher Asset Management, LLC | 64.92M | ▼ 1.15M |
| Massachusetts Financial Services Co | 62.93M | ▼ 2.61M |
| Wellington Management Group Llp | 59.55M | ▲ 9.63M |
| Fmr LLC | 55.54M | ▲ 1.66M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 55.23M | ▼ 1.44M |
| Cevian Capital Ii Gp Ltd | 48.12M | 0 |
| Pictet Asset Management Holding SA | 36.74M | ▲ 1.15M |
| Dodge & Cox | 33.63M | ▼ 14.30K |
Held by 123 ETFs
Biggest fund positions in UBS by dollar value.
Our UBS coverage
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