UBS Profit Jumps as Credit Suisse Integration Progresses

UBS reported a second-quarter 2025 net profit of $2.4 billion, more than doubling from the previous year and exceeding analyst expectations, with revenues rising to $12.1 billion. The Global Wealth Management division attracted $23 billion in net new assets, while global markets revenue rose 25% and transaction-based income increased by 12%. UBS achieved $9.1 billion in cumulative cost reductions from the Credit Suisse integration, now representing 70% of its end-2026 target and having completed about one-third of client account migrations. The bank reiterated opposition to proposed Swiss capital requirements that could mandate an additional $24 billion in capital, warning of the potential impact on shareholders. CEO Sergio Ermotti expressed confidence in meeting 2025 and 2026 financial targets despite market volatility and geopolitical risks. UBS remains committed to capital returns through ongoing share buybacks and dividend growth.