TLDR
- UBS rises as Q1 profit jumps 80% and banking revenue surges
- UBS gains after $3B profit and strong wealth management inflows
- UBS stock climbs despite intraday pressure after strong Q1 results
- UBS advances as Credit Suisse integration reaches key milestone
- UBS posts strong Q1 as markets revenue and buybacks support growth
UBS (UBS) stock rose to $42.74, up 1.52%, after the bank reported stronger first-quarter earnings. However, the intraday chart showed selling pressure after an early peak. The results still highlighted solid profit growth, client inflows, and continued Credit Suisse integration progress.
UBS Posts Strong First-Quarter Profit Growth
UBS reported net profit of $3.0 billion for the first quarter of 2026. The figure rose 80% year over year, supported by stronger revenue and disciplined cost control. Besides, profit before tax reached $3.8 billion during the quarter.
The bank posted a return on CET1 capital of 16.8%. Its underlying return on CET1 capital reached 17.0%, above its 2026 exit-rate target. Diluted earnings per share came in at $0.94.
UBS also reported total revenue of $14.24 billion, up 13% from the previous year. Underlying revenue rose 15% to $13.64 billion. The bank delivered its fourth straight quarter of positive operating leverage.
Investment Bank Revenue and Wealth Flows Drive Momentum
The Investment Bank delivered one of the strongest divisional performances in the quarter. Revenue increased 27% year over year to $4.05 billion. Underlying revenue rose 31%, helped by strong Global Markets and Global Banking activity.
Global Markets generated record underlying revenue of $3.25 billion. The business gained from strength across equities, foreign exchange, rates, and credit. Global Banking revenue rose 30%, supported by a strong equity capital markets quarter.
Global Wealth Management also showed solid client momentum. Net new assets reached $37.4 billion, while Asset Management recorded $14.0 billion in net new money. UBS ended the quarter with $6.9 trillion in group invested assets.
Credit Suisse Integration and Capital Plans Remain Central
UBS completed the migration of all Swiss-booked client accounts onto its platforms in March. The bank said it has now migrated about 1.2 million clients globally. The Credit Suisse integration moved closer to substantial completion by year-end.
The bank delivered another $0.8 billion in gross cost savings during the quarter. Total cumulative savings reached $11.5 billion by the end of March. UBS retired about 1,700 business applications and switched off 76,000 servers.
UBS maintained a CET1 capital ratio of 14.7% and a CET1 leverage ratio of 4.4%. The bank also repurchased $0.9 billion of shares during the quarter. However, proposed Swiss capital rules could require about $22 billion in extra standalone CET1 capital.
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