UBS Profit Climbs as Wealth-Management Inflows Increase
By Michael Hennessey
UBS Group reported a rise in third-quarter net profit, boosted by growth in its wealth-management platform.
The Swiss banking group said net profit for the third quarter was $2.69 billion, up from $2.48 billion in the year-earlier period. The figure was lower than analysts' expectations of $2.71 billion, according to consensus estimates compiled by the bank.
UBS said its results were helped by the addition of $55.1 billion of net new assets in global wealth management, representing a 4.5% annualized growth rate. UBS noted particularly strong inflows in the Asia Pacific region and the Americas.
Revenue grew to $13.35 billion from $12.76 billion. This exceeded expectations of $13.10 billion, according to the same consensus.
UBS said investor sentiment remains measured as the bank enters the fourth quarter. It expects a "more typical sequential seasonal moderation" in transaction volumes across its businesses.
The bank expects fourth-quarter net interest income to increase by a low-single-digit percentage sequentially in global wealth management and increase slightly in personal and corporate banking in Swiss-franc terms.
Write to Michael Hennessey at michael.hennessey@wsj.com
(END) Dow Jones Newswires
October 28, 2026 02:22 ET (06:22 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
5 Stocks to Buy Trading at Big Discounts
2 Undervalued Stocks to Buy With Long-Term Growth Ahead
The Market May Be Too Pessimistic About This 4-Star Dividend Stock
4 Stocks to Buy for the Long-Term While They’re Still Undervalued
United States