UBS: Swiss bank UBS increases profit in the third quarter
The world's largest wealth manager for millionaires and billionaires is benefiting from rising revenues and falling costs. Business was particularly brisk in one area for UBS.
The UBS bank reported a significant increase in earnings for the third quarter of 2026, driven by rising revenues and lower costs. The pre-tax profit rose by over a quarter to $3.6 billion. The bank's wealth management business and its Swiss domestic market performed particularly well. However, one-off effects, including costs related to a bond buyback and higher tax burden, impacted the net profit, which was $2.7 billion, up 8% from the same period in 2025. This met analyst expectations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
