UBS · UBS Group AG

UBS Group AG reported a strong first quarter 2026, with net profit surging to USD 2,514 million from USD 39 million in the prior quarter, driven by a 24% increase in total operating income to USD 13,966 million. Operating expenses declined slightly to USD 10,780 million, resulting in a significant improvement in operating profit before tax to USD 3,186 million. The balance sheet remained robust, with total assets of USD 1.69 trillion and a CET1 capital ratio of 14.2% (14.5% on a standalone phase-in basis for UBS AG). The filing also detailed extensive litigation updates, including ongoing Madoff, FX, LIBOR, RMBS, ATA, and Credit Suisse-related matters. Notably, in the Credit Suisse anti-money laundering case, UBS AG was acquitted in March 2026, though the Office of the Attorney General has appealed. The acquisition integration continues, with legal transfers expected through 2028. The strong quarterly performance and solid capital position underscore UBS's resilience amid ongoing legal and regulatory challenges.