The UBS Group AG headquarters in Zurich, Switzerland, on Wednesday, July 30, 2025.
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Swiss banking giant UBS on Wednesday reported stronger-than-expected third-quarter net profit, citing significant momentum in its core businesses.
Net profit attributable to shareholders came in at $2.5 billion for the three-month period, up 74% from $1.43 billion in the same period of last year. Analysts had expected third-quarter net profit of $1.85 billion, according to an LSEG-compiled consensus.
Switzerland’s largest bank said its net profit included net litigation reserve releases of $668 million, primarily due to the resolution of legal matters related to Credit Suisse’s residential mortgage-backed securities business and its legacy cross-border activities in France.
UBS posted third-quarter revenues of $12.76 billion, slightly above analyst expectations of $12.68 billion.
“We delivered an excellent 3Q25 financial performance powered by significant momentum in our core businesses and disciplined execution of our strategic priorities,” UBS CEO Sergio Ermotti said in a statement.
Wealth management pulled in $38 billion in net new assets over the third quarter.
The results come as UBS continues to navigate the complex integration of Credit Suisse, with the Zurich-headquartered bank set to complete the process by the end of next year. UBS formally completed the legal takeover of its domestic rival as part of a state-backed rescue in 2023.
However, the bank now faces a potentially significant increase in its mandatory capital requirements as the government seeks to learn from Credit Suisse’s collapse and reduce risks for taxpayers and the economy.
UBS, for its part, said in June that while it supports most of the regulatory proposals outlined by the Swiss Federal Council, it “strongly disagrees” with what it described as the “extreme” increase in capital requirements.
Shares of UBS are up more than 11% so far this year.
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