UBS Q3 net profit rose 74% to $2.5 billion, beating expectations.

UBS reported a sharp jump in third‑quarter net income, showing the numbers clearly instead of trying to dress them ￰0￱ European banking giant reported $2.5 billion in net profit for the ￰1￱ is up 74% from $1.43 billion in the same period last ￰2￱ expected $1.85 billion, so the result beat the ￰3￱ performance came from stronger investment banking activity and the release of legal provisions linked to past Credit Suisse ￰4￱ came in at $12.76 billion, slightly above expectations of $12.68 billion. A major part of the profit increase came from $668 million in released litigation ￰5￱ were tied to Credit Suisse’s old problems in its ￰6￱ mortgage‑backed securities business and its cross‑border activities in ￰7￱ cleared or settled those ￰8￱ spin ￰9￱ bank also said it continued progressing on the Credit Suisse ￰10￱ than two‑thirds of Swiss‑booked client accounts have already been moved to UBS ￰11￱ full integration is planned to finish by the end of next ￰12￱ moves forward with merger and cost cuts UBS took over Credit Suisse in 2023 under a state‑supported ￰13￱ did not happen because UBS wanted to go ￰14￱ happened to prevent collapse and wider ￰15￱ then, UBS has been cutting expenses tied to duplicated ￰16￱ bank said it has already achieved $10 billion of its $13 billion cost‑saving ￰17￱ Executive Sergio Ermotti said , “I’m very happy that the breadth and the quality of our diversified business model has once again delivered very strong results.” He added that investments in selected strategic areas were delivering returns and the Credit Suisse integration was on ￰18￱ also described the integration as complex but moving according to ￰19￱ UBS is now facing possible increases in its mandatory capital ￰20￱ Swiss government wants to strengthen protections after watching Credit Suisse ￰21￱ said in June that it supports most of the new rules but “strongly disagrees” with what it called the “extreme” capital increase ￰22￱ bank said such changes could limit its ability to operate competitively and adjust to global market ￰23￱ management brought in $38 billion in net new assets during the ￰24￱ of UBS are up more than 11% so far this ￰25￱ numbers show clients are still coming, not ￰26￱ large inflows do not erase ￰27￱ warns on volatility and global risks Looking at the fourth quarter, UBS said it expects more modest cost savings, since most of the heavy cuts have already been ￰28￱ bank is still working on the Swiss platform migration, and seasonal increases in non‑personnel costs are ￰29￱ bank also pointed out that market sentiment can flip very ￰30￱ said some investors are now hedging more because of recent ￰31￱ bank said, “Against this backdrop, transactional activity and our deal pipelines remain healthy, though sentiment can shift quickly as confidence in the outlook is tested and seasonal effects come into play.” UBS also highlighted macro uncertainties, including a strong Swiss franc, higher U.

S. tariffs, and the possibility of a prolonged ￰32￱ shutdown delaying capital market ￰33￱ this month, the Swiss government cut its 2026 economic ￰34￱ move followed ￰35￱ of 39% on Swiss goods after a Swiss delegation failed to strike an agreement with ￰36￱ tariff level is one of the highest the ￰37￱ imposed on a single ￰38￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.