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UBS Plans New $3 Billion Buyback After Net Profit Rises

Provided by Dow Jones Jul 29, 2026, 10:16:00 AM

By Adria Calatayud

UBS Group said it plans to buy back $3 billion in its own stock, after second-quarter net profit rose due to its investment banking and wealth management units.

The Swiss banking group said Wednesday that net profit for the quarter was $2.8 billion compared with $2.395 billion for the same period last year. Analysts had forecast $2.39 billion, according to consensus estimates compiled by the bank.

UBS said it is launching a new stock-repurchase program of $3 billion that will end by the second quarter of 2027 at the latest, which come on top of buybacks of $3 billion already completed in 2026. The bank plans buybacks of at least $1 billion over the next three months, it said.

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

(END) Dow Jones Newswires

July 29, 2026 01:16 ET (05:16 GMT)

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