Business · 2026-10-28 · Morning briefing

UBS profits jump 27% as Credit Suisse integration progresses

UBS posted a third-quarter pre-tax profit of nearly $3.6 billion, a 27% increase from the same period last year. The Swiss banking giant's net profit for the quarter was $2.7 billion, broadly in line with analyst forecasts.

The strong performance was buoyed by its global wealth management business, which attracted $55.1 billion in net new assets. The bank’s solvency also improved, with its common equity tier 1 capital ratio—a key measure of financial health—rising to 14.7% from 14.4% in the previous quarter.

Meanwhile, the integration of its former rival, Credit Suisse, is set to be completed by the end of the year. UBS now expects the merger to deliver cumulative cost savings of $13.7 billion, an increase on its earlier projections.

Summary written by Cup of News with AI from the sources below. Check the originals for the full story.

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• UBS pre-tax profits jump 27% to $3.59 billion in the third quarter
• UBS Delivers Profit Surge and $3 Billion Buyback as Credit Suisse Integration Nears Completion
• UBS Buys Back Its Credit Suisse Hangover
• Staying focused on executing the last mile of UBS-Credit Suisse Integration: UBS Group CEO
• UBS: Net Profit Rises 17% To $2.8 Billion For Q2 As Credit Suisse Integration Nears Completion

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