| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 53 | 18.5x | 17.8x | Around median | |
Growth | 53 | 5.6% | 7.1% | Around median | |
Quality | 63 | — | — | Around median | |
Safety | 9 | — | — | Bottom tier | |
Capital Return | 43 | 1.65% | 2.12% | Around median | |
Momentum | 95 | 33.1% | 2.9% | Top tier | |
Sentiment | 70 | 3 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
UBS Group AG operates through an integrated banking model that combines Global Wealth Management, Asset Management, Investment Banking, and Personal & Corporate Banking in Switzerland. Its revenue comes from recurring fees on assets, advisory services, and investment mandates, transaction and trading income, and net interest income from loans and deposits; in Q2 FY2026, the Group’s invested assets reached a record $7.3 trillion, while assets under management in Asset Management exceeded $2.2 trillion.
In Q2 FY2026, underlying revenues rose 16% to $13.3 billion, reported net profit was $2.8 billion, and earnings per share were $0.87. Underlying profit before tax reached $3.9 billion, up 45%, while reported profit before tax was $3.6 billion after revenue adjustments of $352 million and integration expenses of $645 million. The bank achieved a 16.4% return on CET1 capital and a 70% cost-to-income ratio, with eight percentage points of positive operating leverage.
Global Wealth Management and the Investment Bank led growth in Q2 FY2026; Wealth Management generated profit before tax of $2 billion, up 38%, while the Investment Bank recorded record second-quarter revenues of $3.7 billion and profit before tax of $1.2 billion. Personal & Corporate Banking generated profit before tax of CHF 676 million, up 21%, and Asset Management profit before tax reached $237 million, up 9%, while the Non-core and Legacy unit recorded a loss before tax of $52 million.
The available analyst consensus is Buy, with an average target of $23.57 and a wide range from $19.24359822 to $34, but even the top of this range is below the 52-week low of $36.295, while its high is $55.15. Therefore, the consensus target does not provide an upside anchor consistent with the stated annual trading range, and caution is reinforced by Morgan Stanley maintaining its Underweight rating on July 30, 2026, despite raising its target to CHF 40; on the other hand, the $3 billion share repurchase and 45% growth in underlying profit before tax support the case for improving fundamentals.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
Reported net profit was $2.8 billion and earnings per share were $0.87 in Q2 FY2026. Underlying revenues rose 16% to $13.3 billion, while underlying profit before tax grew 45% to $3.9 billion. The bank achieved a 16.4% return on CET1 capital and a 70% cost-to-income ratio, with eight percentage points of positive operating leverage.
Management said on July 29, 2026, that it was approaching substantial completion of the integration by the end of FY2026, after migrating all clients and bringing the wind-down of the Non-core and Legacy unit close to completion. More than 90% of legacy business applications have been decommissioned, while cumulative savings reached $12.6 billion since the end of 2022. UBS is targeting total savings of $13.5 billion by the end of FY2026, with additional integration expenses of approximately $750 million expected in the second half of FY2026.
Global Wealth Management generated profit before tax of $2 billion in Q2 FY2026, up 38%, and attracted $36 billion in net new assets. Fee-generating net new assets reached $13 billion, while assets in the My Way solution exceeded $40 billion, growing 75% year over year. Recurring fee income also rose 11% to $3.7 billion, and transaction-based income increased 23% to $1.5 billion, marking the twelfth consecutive quarter of double-digit annual growth.
Automated analysis for informational purposes only — not investment advice.
UBS expects net interest income in Global Wealth Management to grow by approximately 10% during FY2026 compared with FY2025, supported by loan growth, higher U.S. dollar rates, and an improved deposit mix. For Q3 FY2026, it expects a modest increase in net interest income for Wealth Management and flat to slightly higher net interest income in Personal & Corporate Banking. On costs, the Group is targeting cumulative savings of $13.5 billion by the end of FY2026 after reaching $12.6 billion in June 2026.
UBS announced a new $3 billion share repurchase program on July 29, 2026, to be completed no later than the end of Q2 FY2027. The Group intends to repurchase at least $1 billion during the three months following the announcement, and fully accounting for the program reduced the CET1 ratio by approximately 60 basis points in Q2 FY2026. The timing and pace of execution will depend on performance, the outlook, maintaining a CET1 ratio near 14%, and clarity regarding Swiss parliamentary deliberations on the capitalization of foreign subsidiaries.
FINRA imposed a $20 million fine on UBS on August 3, 2026, for failures in anti-money laundering monitoring systems for certain foreign exchange transactions. Operationally, the bank still expects approximately $750 million in integration expenses in the second half of FY2026, despite the Credit Suisse integration program nearing completion. Management also warned that geopolitical developments and energy price volatility could increase uncertainty regarding inflation and interest rates and affect investor sentiment and market activity.
