UBS Group AG - Registered Shares Aktie News

The majority of job reductions in UBS' Swiss business will likely be in the second half of 2026, the bank's CEO Sergio Ermotti told reporters on Wednesday.

UBS expects further outflows in its U.S. wealth management business in the first half of 2026 as advisers leaving the bank take clients with them, chief financial officer Todd Tuckner said on Wednesday.

UBS AG capped the year with a fourth-quarter performance that cleared market expectations and set the stage for fresh capital returns. The Swiss lender reported a sharp rise in quarterly profit while confirming plans for a sizeable share buyback programme.

The xAI and SpaceX merger values the combined company at $1.25 trillion. Nvidia CEO Jensen Huang denies rumors about a rift with OpenAI.

The bank said the amount of additional repurchases would depend on new banking rules being discussed in Switzerland.

Swiss bank UBS posted on Wednesday a net profit of $1.2 billion for the fourth quarter, up 56% year-on-year and ahead of a company-provided consensus forecast of $919 million.

UBS generated $1.2 billion of net profits in the fourth quarter, beating analysts' estimates. The Swiss bank's group revenues, which topped $12.1 billion, were also in line with forecasts.

UBS Group on Wednesday reported a net profit attributable to shareholders of $1.2 billion in the fourth quarter, which compares with an average estimate of $919 million in a company-provided poll of analysts.