## UBS Soars in Q2, But Uncertainty Looms
UBS, the Swiss banking giant, had a strong second quarter, but the future is still uncertain. Here’s a quick rundown of the key takeaways:
- Profit Surge: Net profit more than doubled year-on-year to $2.395 billion, exceeding analyst expectations.
- Revenue Highlights: Total revenue reached $12.112 billion, with strong performance from the investment bank and global wealth management divisions.
- Market Volatility: The investment banking arm’s global markets unit saw a 25% revenue increase, reflecting market volatility.
- Cautious Outlook: CEO Sergio Ermotti noted a “wait-and-see” attitude among clients, despite positive market performance.
- Net Interest Income (NII): NII was $1.965 billion, exceeding expectations, but the bank anticipates stability in the coming quarter.
- Credit Suisse Integration: The integration of Credit Suisse is “on track,” with significant progress in client account migration and cost savings.
- Capital Requirements: UBS is still in a dispute with Swiss authorities over proposed capital requirements, which could impact the bank’s financial performance.
- Share Buybacks: UBS has completed $1 billion in share buybacks in the first half of the year and plans another $2 billion in the second half.
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Source: https://www.cnbc.com/2025/07/30/ubs-q2-earnings-2025.html