Morningstar

UBS Net Profit Climbs on Investment-Banking Boost

Provided by Dow Jones Apr 29, 2026, 5:21:00 AM

By Adria Calatayud

UBS Group reported a rise in net profit after a jump in investment-banking revenue helped lift the group's top and bottom lines.

The Swiss bank said Wednesday that net profit for the first quarter was $3.04 billion compared with $1.69 billion in the year-earlier period. Analysts expected net profit at $2.33 billion, according to consensus estimates provided by the bank.

UBS said strong momentum with clients drove asset inflows and trading activity, with its core global wealth-management unit attracting $37 billion in net new money during the quarter.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

April 29, 2026 01:21 ET (05:21 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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