UBS Q2 Profit Doubles to $2.4B on Core Growth, Cost Cuts

UBS reported a strong second-quarter 2025 performance with net profit more than doubling to $2.4 billion, driven by gains in core operations and reduced integration costs from its Credit Suisse acquisition. The bank's revenues rose 2% year over year to $12.1 billion, while operating expenses fell 6%, improving efficiency metrics. Global Wealth Management and the Investment Bank both contributed significantly to profits, with notable increases in transaction-based income and Global Markets revenue. UBS has made substantial progress in its Credit Suisse integration and continues to expand its artificial intelligence initiatives, preparing a full rollout in 2026. The strong results have fueled speculation about a possible move of UBS's headquarters from Switzerland to London due to new Swiss capital rules, which could shift financial power dynamics in Europe. Despite mixed results from other Swiss companies, UBS's performance has lifted investor sentiment and shares in the Swiss market.