UBS Boosts Pre-Tax Profit by 64 Percent and Announces New Three Billion Dollar Share Buyback Program

UBS benefited from strong equities trading, according to the bank. The bank sees the integration of the acquired Credit Suisse on track. "The completion by year-end is 'on track,' the bank wrote in this regard." More than 90 percent of the acquired applications are no longer in use, and roughly 70 percent have already been fully decommissioned.

Credit Suisse Integration Progresses

In the second quarter, UBS achieved additional savings of 1.1 billion dollars. By year-end, savings from the integration are expected to rise to 13.5 billion dollars. According to its own figures, the bank is targeting a CET1 capital ratio of approximately 14 percent.

At the same time, it points to geopolitical developments and volatile energy prices. These have created uncertainty about the further trajectory of inflation and interest rates. For the third quarter, UBS describes the market environment as "constructive overall" and refers to solid client activity, broad market leadership, and a historically high breadth of the equity market.

Share Buybacks of Three Billion Dollars

UBS also announced a new share buyback program. It has a volume of up to three billion dollars and runs until the end of the second quarter of 2027. Over the coming three months, UBS intends to conduct share buybacks of at least one billion dollars, according to its own figures, depending on developments in the financial markets and the further political discussion on the capital backing of foreign subsidiaries.

Outlook and Capital Discussion

So far this year, the major bank has repurchased its own shares worth a little more than 2.3 billion francs. The UBS share has performed positively during the current year and, despite the still unresolved discussion on capital, is up just under 11 percent. Analysts have recently expressed predominantly positive views: JP Morgan Chase & Co. rated UBS "Overweight" on July 22, 2026, Deutsche Bank AG recommended "Buy" on June 29, 2026, and Jefferies & Company Inc. likewise "Buy" on June 25, 2026.

The capital discussion is not yet concluded. According to information from informed circles, consultations on the capital backing of foreign subsidiaries have once again been scheduled for sessions starting from the 10th. UBS emphasized that it is monitoring the further policy developments on this issue and adjusting buybacks to reflect those developments accordingly.