CNBC4/29/2026Business
UBS Posts $3 Billion Q1 Net Profit, Up 80% Year-on-Year
Swiss banking giant beats analyst estimates, shares surge 5% as CEO Ermotti hails 'very strong quarter'
Quick Look
- UBS reported Q1 net profit of $3 billion, up 80% YoY, beating analyst estimates of $2.8 billion.
- The Swiss bank's CET1 capital ratio improved to 14.7%.
- CEO Sergio Ermotti called it a 'very strong quarter' with double-digit profitability growth across all businesses.
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UBS reported Q1 net profit of $3 billion, up 80% YoY, beating analyst estimates of $2.8 billion. The Swiss bank's CET1 capital ratio improved to 14.7%. CEO Sergio Ermotti called it a 'very strong quarter' with double-digit profitability growth across all businesses. The bank is on track to repurchase $3 billion in shares and flagged further buybacks by year-end. Shares surged over 5% in early trade.
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This article was originally published by CNBC.
