UBS Wealth Management Revenue Climbs as Profits Beat Forecasts

Global wealth management revenues reached $7.112 billion, bolstered by strong performance across all revenue lines and a reduction in integration-related costs from the Credit Suisse merger. Invested assets grew by $274 billion, hitting $4.942 trillion, with net new assets of $35.5 billion fueled by inflows from Asia-Pacific, Switzerland, and the EMEA region. Operating expenses remained controlled at $5.231 billion, reflecting the bank's disciplined approach to the ongoing integration process.

Management confirmed that the migration of Credit Suisse client accounts to UBS infrastructure concluded in March. The bank has now realized $12.6 billion in cumulative gross cost savings since 2022, placing it within reach of its $13.5 billion target for the year. This financial stability has prompted plans for a $1 billion share repurchase program over the next three months, with the bank also accruing for a mid-teens percentage increase in its dividend.

Looking toward the remainder of the year, UBS maintains a cautious outlook. While client engagement remains high, the bank cited geopolitical instability and fluctuating energy prices as factors likely to drive market volatility. Despite these uncertainties, the institution reports a solid Common Equity Tier 1 capital ratio of 14.4 percent, providing a buffer for future growth initiatives.