The UBS Group AG headquarters in Zurich, Switzerland, on Wednesday, July 30, 2025.
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Swiss banking big UBS on Wednesday reported stronger-than-expected third-quarter internet revenue, pushed by stable funding banking efficiency and the discharge of authorized provisions.
Internet revenue attributable to shareholders got here in at $2.5 billion for the three-month interval, up 74% from $1.43 billion in the identical interval of final 12 months. Analysts had anticipated third-quarter internet revenue of $1.85 billion, in accordance with an LSEG-compiled consensus.
Switzerland’s largest financial institution mentioned its internet revenue included internet litigation reserve releases of $668 million, primarily because of the decision of authorized issues associated to Credit score Suisse’s residential mortgage-backed securities enterprise and its legacy cross-border actions in France.
“We delivered a wonderful 3Q25 monetary efficiency powered by vital momentum in our core companies and disciplined execution of our strategic priorities,” UBS CEO Sergio Ermotti mentioned in a press release.
UBS posted third-quarter revenues of $12.76 billion, barely above analyst expectations of $12.68 billion.
Wealth administration, in the meantime, pulled in $38 billion in internet new property over the third quarter.
The outcomes come as UBS continues to navigate the advanced integration of Credit score Suisse, with the Zurich-headquartered financial institution set to finish the method by the top of subsequent 12 months. UBS formally accomplished the authorized takeover of its home rival as a part of a state-backed rescue in 2023.
Nevertheless, the financial institution now faces a probably vital enhance in its obligatory capital necessities as the federal government seeks to be taught from Credit score Suisse’s collapse and cut back dangers for taxpayers and the financial system.
UBS, for its half, mentioned in June that whereas it helps many of the regulatory proposals outlined by the Swiss Federal Council, it “strongly disagrees” with what it described because the “excessive” enhance in capital necessities.
Shares of UBS are up greater than 11% up to now this 12 months.
Wanting forward, UBS mentioned the financial institution is “more likely to see extra modest sequential gross and internet saves within the fourth quarter,” citing its continued concentrate on the Swiss platform migration and a seasonal uptick in non-personnel prices.
