UBS' Americas wealth management unit reported $14 billion in net new asset (NNA) outflows in the fourth quarter, its worst period for flows since announcing changes to its compensation structure in November 2024. Asset losses accelerated in 2025 as ongoing cost cuts and compensation overhauls continued to drive advisor departures. Advisor headcount was little changed from the prior quarter but fell 3.3% from a year earlier, to 5,772 advisors, the firm said Wednesday. On Wednesday's earnings call, UBS C ...

Core Insights - UBS Group AG reported a fourth-quarter 2025 net profit attributable to shareholders of $1.19 billion, an increase from $770 million in the prior-year quarter, driven by strong performances in Global Wealth Management, Asset Management, and Investment Bank divisions, although a decline in total assets raised concerns [1][6] - For the full year 2025, UBS reported a net profit attributable to shareholders of $7.77 billion, up from $5.08 billion in the previous year [1] Revenues & Expenses - UBS's fourth-quarter total revenues increased by 4.4% year over year to $12.14 billion [2][6] - For 2025, total revenues rose by 1.9% year over year to $49.6 billion [2] - Operating expenses fell nearly 1% year over year to $10.29 billion [2] - Total credit loss expenses were reported at $159 million, a decline of 30.6% from the year-ago quarter [2] Business Divisions' Performances - Global Wealth Management's operating profit before tax was $1.29 billion, up from $867 million in the year-ago quarter [3] - Asset Management's operating profit before tax was $212 million, an increase of 65.6% from the year-ago quarter [3] - Personal & Corporate Banking reported an operating profit before tax of $565 million, down 5% year over year [3] - The Investment Bank unit reported an operating profit before tax of $640 million, up from $479 million in the year-ago quarter [3] Non-Core & Legacy Performance - Non-Core & Legacy incurred an operating loss before tax of $455 million, an improvement from a loss of $923 million in the year-ago quarter [4] - Group Items reported an operating loss before tax of $552 million compared to a loss of $100 million in the year-ago quarter [4] Capital Position - Total assets fell nearly 1% from the previous quarter's end to $1.62 trillion [5] - Return on Common Equity Tier 1 (CET1) capital was 6.6% as of December 31, 2025, compared to 4.2% as of December 31, 2024 [5] - Risk-weighted assets declined 1% year over year to $493.4 billion [5] - CET1 capital declined marginally year over year to $71.3 billion [5] - Invested assets were reported at $7 trillion, up 15.1% year over year [5] Capital Distribution - For 2025, the board plans to propose a dividend of $1.10 per share, subject to approval at the Annual General Meeting scheduled for April 15, 2026 [7] - The company aims for a mid-teens percentage increase in the ordinary dividend per share for 2026 [7] Share Repurchase and Integration - UBS completed $3 billion worth of share repurchases in the fourth quarter of 2025 and intends to repurchase another $3 billion in 2026 [8] - The integration of Credit Suisse is on track for substantial completion by the end of 2026 [9] Migration and Cost Savings - By the end of the fourth quarter of 2025, 85% of Swiss-booked client accounts had been migrated, with Personal & Corporate client account migrations substantially complete [10] - Cumulative gross cost savings totaled $10.7 billion at the end of 2025, with an ambition to raise annualized exit rate gross cost savings to approximately $13.5 billion by the end of 2026 [12] Risk-Weighted Assets Reduction - The non-core and legacy business division achieved a 67% reduction in risk-weighted assets since the second quarter of 2023, targeting further reductions to approximately $4 billion by the end of 2026 [13] Overall Assessment - UBS's inorganic growth efforts are expected to support its top line, with steady progress in the integration of Credit Suisse and a robust capital position [14]

UBS Shares Sink as Net New Assets Tumble - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800- 843-0008 or visit www.djreprints.com.---# UBS Shares Sink as Net New Assets Tumble## The Swiss bank says it is poised to regain momentum in its U.S. wealth business.---By [Kenneth Corbin][U ...

Publicly traded Swiss bank UBS Group AG (UBS) is creating a path to tokenized services and crypto access for its clients, the firm’s CEO confirmed on its Q4 earnings call on Wednesday.  The firm, which manages invested assets of more than $7 trillion, has seen its shares drop around 6% on Wednesday, recently changing hands at $44.79.  “As digital assets become a more relevant part of the financial system, we are taking a focused client-led approach,” CEO Sergio Ermotti said on the call. “We are building ou ...

瑞银集团2026年展望：预计净节约额将逐步累积，且下半年的占比会更高。 来源：滚动播报 ...

瑞银集团：2025年第四季度净利润同比增长56%，达12亿美元。 来源：滚动播报 ...

Core Insights - UBS AG has exceeded market expectations with its fourth-quarter earnings report, showcasing strong financial health and strategic growth initiatives [1][5] Financial Performance - UBS reported earnings per share of $0.37, surpassing the estimated $0.25, and revenue of approximately $12.2 billion, exceeding the estimated $9.25 billion [2] - The bank's net profit for the quarter was $1.2 billion, exceeding analysts' expectations of $919 million, despite a decline from the previous quarter's net profit of $2.5 billion [2] - Group revenues for the quarter reached $12.1 billion, aligning with forecasts and showing an increase from $11.6 billion in the same period last year [2] Strategic Initiatives - UBS announced a $3 billion share buyback program, reflecting confidence in its financial stability and future growth prospects [3] Financial Metrics - The common equity tier 1 (CET1) capital ratio stood at 14.4% for the fourth quarter, slightly down from 14.8% in the previous quarter [3] - The price-to-earnings (P/E) ratio is approximately 20.65, while the price-to-sales ratio is about 2.02 [4] - The enterprise value to sales ratio is around 3.96, and the enterprise value to operating cash flow ratio is approximately 68.63 [4] - UBS's earnings yield is about 4.84%, with a debt-to-equity ratio of 4.07, indicating financial leverage [4] - The current ratio of 0.28 may suggest potential liquidity challenges in meeting short-term obligations [4] Conclusion - UBS AG's strong fourth-quarter performance and strategic financial management position it as a strong contender in the global banking sector, with solid growth prospects and a commitment to returning value to shareholders [5]

UBS reported a net profit attributable to shareholders of $1.2bn in the fourth quarter of 2025 (Q4 2025), up 56% year-on-year. The Swiss bank’s profit before tax (PBT) stood at $1.7bn in the quarter under review, an increase of 62% from the previous year. Group invested assets surpassed $7tn for the first time, reflecting a 15% annual increase, supported by market gains, currency movements, and net asset inflows. Global Wealth Management (GWM) recorded $101bn in net new assets over the year, with notab ...

Core Viewpoint - The majority of job reductions in UBS' Swiss business are expected to occur in the second half of 2026, as stated by the bank's CEO Sergio Ermotti [1] Group 1 - UBS is planning significant job reductions within its Swiss operations [1] - The timing for these job cuts is projected for the latter half of 2026 [1] - CEO Sergio Ermotti provided this information during a press briefing [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 Date: February 4, 2026 UBS Group AG (Registrant's Name) Bahnhofstrasse 45, 8001 Zurich, Switzerland (Address of principal executive office) Commission File Number: 1-36764 UBS AG (Registrant's Name) Bahnhofstrasse 45, 8001 Zurich, Switzerland Aeschenvorstadt 1, 4051 Basel, Switzerland (Address of princi ...