UBS (UBSG SW) - Q1 2026 (USD): Revenue 14.2bln (exp. 13.2bln), Net income 3.04bln (exp. 2.42bln), confident in 2026 financial targets. Announces share buyback of up to USD 3bln by its Q2 results, aiming to do more by year-end
- On track to complete Credit Suisse integration by year-end.
Swiss capital requirements:
- CEO said, "On the topic of Swiss capital requirements, we will continue to engage constructively and contribute to fact-based deliberations. These developments do not, and will not, change who we are as a firm. We remain committed to our diversified business model and our global and regional footprint".
Other Metrics:
- NII 2.32bln (prev. 1.62bln Y/Y).
- CET1 Capital Ratio 14.7% (prev. 14.3% Y/Y).
- Credit Loss expense 70mln (prev. 100mln Y/Y).
- Div/share 0.94 (prev. 0.51 Y/Y).
- RoE 13.3% (prev. 7.9% Y/Y).
Context
UBS's Q1 results exceeded expectations with significant beats in revenue and net income, indicating robust operational performance. Their announcement of a $3 billion share buyback signals confidence in future financial targets, further reinforcing a positive outlook as they integrate Credit Suisse. This strong performance may improve sentiment across financial services and bolster their stock, potentially impacting broader market dynamics.
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