UBS management commentary: Revenue growth drives 14% rise in Q3 2026 underlying pretax profit
- UBS management commentary attributed third-quarter 2026 underlying pretax profit growth of 14% to higher revenue and disciplined cost management.
- Revenue rose 10%, outpacing expense growth, while reported net profit reached 2.7 billion.
- Global Wealth Management attracted 55 billion in net new assets, with inflows led by Asia-Pacific and the Americas.
- Investment Bank pretax profit rose 9%, supported by strong equities trading despite weaker Global Banking revenue.
- Management expects cumulative gross cost savings of around 13.7 billion by year-end, exceeding its 13.5 billion ambition as integration nears completion.
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