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 ...

Financial Data and Key Metrics Changes - The company reported a CHF 9 billion dividend, with CHF 4.5 billion to be upstreamed to the group for share buybacks and dividends, while the remaining CHF 4.5 billion will stay at UBS AG to prepare for potential capital rule strengthening [3][5][10] - The underlying cost income ratio is expected to be delayed below 50% by the end of 2026 due to Swiss franc interest rate headwinds [4] Business Line Data and Key Metrics Changes - The company experienced some loss of market share during the integration of Credit Suisse, which was anticipated due to client diversification needs [23] - The company expects net new assets to grow to CHF 125 billion by 2026, up from CHF 100 billion, as headwinds from balance sheet optimization have been resolved [41] Market Data and Key Metrics Changes - The company noted that equity markets are showing higher dispersion and lower correlation, which is favorable for trading businesses [18] - There is potential for event-driven volatility due to geopolitical issues and market conditions, which could impact future performance [19] Company Strategy and Development Direction - The company is focused on sustainable returns and building resilience in its business, emphasizing the importance of risk-reward balance in pricing [24] - The management is optimistic about achieving revenue doubling in Global Banking by 2026, contingent on favorable market conditions [63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the constructive engagement with U.S. regulators regarding the licensing process, expecting final approval within the year [14] - The company is committed to transparency in legacy matters inherited from Credit Suisse and is collaborating with authorities to resolve these issues [31][32] Other Important Information - The company is managing a reduction in force, with layoffs expected to be more pronounced in the second half of the year, while also focusing on minimizing proactive redundancies through attrition [68][69] - The company clarified that the capital repatriation does not affect the previously outlined CHF 26 billion capital buildup requirement [45][46] Q&A Session Summary Question: Clarification on P&C unit's combined ratio target - Management indicated optimism about achieving a combined ratio below 50% without further cost-cutting efforts, although interest rate headwinds may delay this target [3][4] Question: U.S. licensing process timeline - Management expects to move from conditional to final approval during the year, with constructive engagement from regulators [14] Question: Client attrition during integration - Management acknowledged some client losses were expected but noted that the majority of relationships were retained [23][25] Question: AI-triggered sell-off impact - Management is monitoring market volatility and its potential impact on client navigation through current market conditions [30] Question: O'Connor sale loss implications - The loss indicates that the sale proceeds were less than the cost basis, attributed to changes in sale perimeter [55][56] Question: Global Banking revenue doubling confidence - Management remains confident in achieving revenue doubling by 2026, citing a strong pipeline and favorable market conditions [63][64]

UBS Group (NYSE:UBS) Q4 2025 Earnings call February 04, 2026 05:15 AM ET Company ParticipantsHolger Alich - Deputy Chief EditorSergio Ermotti - Group CEOOperatorGood morning, and thank you for joining our media call. As usual, we're joined this morning by our Group CEO, Sergio Ermotti, and our Group CFO, Todd Stuckner. You would have seen that in addition to our fourth quarter and full year results for 2025, we've also presented an investor update earlier today. Let's now open it up for question. Operator, ...

Financial Data and Key Metrics Changes - The company reported a dividend of CHF 9 billion, with CHF 4.5 billion to be upstreamed to the group for share buybacks and dividends, while the remaining CHF 4.5 billion will stay at UBS AG to strengthen capital rules [3][10][12] - The underlying cost income ratio is expected to remain above 50% due to Swiss franc interest rate headwinds, delaying the target achievement until the end of 2026 [5] Business Line Data and Key Metrics Changes - The company is optimistic about the P&C unit achieving a combined ratio below 50% without further cost-cutting efforts, thanks to decommissioning and new business [3] - The company has seen a loss in market share due to client diversification during the merger with Credit Suisse, but retained the majority of client relationships [22] Market Data and Key Metrics Changes - The company anticipates constructive market conditions for trading businesses, with potential for event-driven volatility due to geopolitical issues and commodity market fluctuations [18][19] - The outlook for net new assets is projected to grow from CHF 100 billion in 2025 to CHF 125 billion in 2026, as headwinds from previous years are resolved [41][43] Company Strategy and Development Direction - The company is focused on maintaining prudent buffers while managing capital upstreaming, aiming for an equity double leverage ratio around 100% [8][12] - The company is committed to a balanced approach in managing redundancies, emphasizing meritocracy and fair treatment of employees during the integration process [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving revenue doubling targets by 2026, despite market volatility and competitive pressures [62] - The company is actively collaborating with U.S. regulators to secure final approval for its licensing process, indicating constructive engagement [15] Other Important Information - The company is addressing legacy issues from Credit Suisse, emphasizing the need for legal protections to facilitate transparency and collaboration in ongoing investigations [50][51] - The company is not planning to disclose headcount guidance but will manage costs and report on KPIs quarterly [67] Q&A Session Summary Question: Clarification on P&C unit's combined ratio target - Management clarified that achieving a combined ratio below 50% is optimistic and does not require further cost-cutting efforts [3] Question: Details on upstreamed capital at UBS AG - Management confirmed that CHF 9 billion was accrued as a dividend, with CHF 4.5 billion to be paid in the first half of the year, and further payments will be revisited later [10][12] Question: U.S. licensing process timeline - Management expects to move from conditional approval to final approval during the year, with constructive engagement from U.S. authorities [15] Question: Outlook for market volatility - Management noted that while the market conditions are currently constructive, there is potential for significant volatility due to geopolitical issues [19] Question: Impact of layoffs on headcount and bonus pool - Management indicated that layoffs would begin in the first half of the year, with more expected in the second half, and the bonus pool size will be disclosed in the compensation report [66][68]

UBS CEO Sergio Ermotti said the bank is considering offering access to cryptocurrencies for individual clients, while cautioning that it won’t be a “front runner” in implementing blockchain-based technology https://t.co/c1IP3XdfSM ...

Core Viewpoint - UBS anticipates continued outflows in its U.S. wealth management division during the first half of 2026 due to advisers departing the bank and taking clients with them [1] Group 1 - UBS's chief financial officer, Todd Tuckner, indicated that the outflows are expected to persist as advisers leave the firm [1]

Core Viewpoint - UBS AG reported a strong fourth-quarter performance, exceeding market expectations and signaling a push for capital returns through a significant share buyback program of at least $3 billion in 2026, reflecting confidence in its balance sheet strength after integrating Credit Suisse [1][1][1] Financial Performance - Net profit attributable to shareholders increased by 56% year-on-year to $1.2 billion in Q4, surpassing analysts' expectations of $919 million [1][1][1] - Group revenues for the quarter totaled $12.1 billion, matching analyst forecasts, but decreased from $12.8 billion in Q3 while increasing from $11.6 billion a year earlier, indicating stabilization rather than rapid growth [1][1][1] - Total reported revenue for the period was $13.74 billion, with revenue net of interest expense at $12.15 billion, also exceeding market expectations [1][1][1] Capital Ratios and Balance Sheet - UBS ended the quarter with a common equity tier 1 capital ratio of 14.4%, slightly down from 14.8% in the previous quarter, but still above regulatory requirements, allowing for shareholder distributions [1][1][1] - For the full year, UBS reported a profit of $7.77 billion on revenue of $49.57 billion, indicating a recovery in capital generation [1][1][1] - Group-invested assets surpassed $7 trillion for the first time, highlighting UBS's scale post-Credit Suisse acquisition [1][1][1] Leadership and Integration - CEO Sergio Ermotti is expected to step down in April 2027 after the completion of the integration of Credit Suisse, which is described as one of the most complex banking integrations on record [1][1][1] - The results suggest a transition from crisis management to long-term capital planning, with analysts expressing confidence in UBS's ability to meet medium-term targets as integration risks diminish [1][1][1]

"I believe there are some reconciliations to be done."UBS CEO Sergio Ermotti tells @flacqua there are "pockets of excess valuation" in the tech sector https://t.co/jGYj02Jq1W https://t.co/DVcXt35D4I ...

Financial Data and Key Metrics Changes - The company reported a net profit of CHF 1.2 billion and earnings per share of CHF 0.37 for the fourth quarter, with total revenues increasing by 10% year-over-year, driven by strong growth in global wealth management and the investment bank [3][5] - Underlying pre-tax profit was CHF 2.9 billion, up 62% year-over-year, reflecting positive jaws of 9 percentage points [3][4] - The cost-income ratio improved to 75%, and return on CET1 capital was 11.9% [4] Business Line Data and Key Metrics Changes - Global Wealth Management (GWM) delivered pre-tax profit of CHF 1.6 billion, up from CHF 1.1 billion in the prior year, with revenues increasing by 11% [12] - Personal and Corporate Banking (P&C) reported a pre-tax profit of CHF 543 million, down 5%, primarily due to lower interest rates impacting net interest income [17] - Asset Management saw a pre-tax profit increase of 20% to CHF 268 million, driven by higher revenues and lower costs [18] Market Data and Key Metrics Changes - GWM's invested assets reached CHF 4.8 trillion, with net new assets of CHF 101 billion for the full year, representing 2.4% growth [14] - The Americas experienced a decline in net new assets due to recruiting-related impacts, while EMEA and APAC regions showed strong growth [14][33] - The investment bank achieved record revenues of CHF 11.8 billion, up 18% year-over-year, with a pre-tax profit of CHF 703 million, increasing by 56% [20] Company Strategy and Development Direction - The company aims to complete the integration of Credit Suisse by the end of 2026, with a focus on achieving a cost-income ratio below 70% and a return on CET1 capital of around 15% [27][45] - Strategic investments in technology and AI are prioritized to enhance operational efficiency and client experience [30][31] - The company plans to increase gross cost savings to CHF 13.5 billion, with a focus on simplifying operations and retiring legacy infrastructure [49] Management's Comments on Operating Environment and Future Outlook - The management highlighted a constructive market environment with steady global growth and easing inflation, but acknowledged potential volatility due to geopolitical uncertainties [28] - The company remains committed to its diversified model and aims to leverage its global capabilities to capture growth opportunities [29] - Management expressed confidence in achieving long-term profitability and value creation through strategic investments and operational improvements [43][44] Other Important Information - The effective tax rate for the fourth quarter was 29%, with a full-year rate of 12% [6] - The company plans to repurchase CHF 3 billion in shares in 2026, maintaining a progressive dividend policy [42][43] - Integration-related expenses totaled CHF 1.1 billion, reflecting ongoing efforts to migrate Swiss client accounts [6][10] Q&A Session Summary Question: What are the expectations for net new assets in Global Wealth Management? - The company expects GWM's net new assets to exceed $125 billion in 2026, supported by strong growth across various regions [33] Question: How is the integration of Credit Suisse progressing? - The management confirmed that the integration is on track to be completed by the end of the first quarter, with significant synergies expected to be realized [25][26] Question: What are the anticipated challenges in the upcoming year? - Management noted that while the macroeconomic backdrop is supportive, geopolitical uncertainties could lead to volatility affecting client activity levels [28]

Financial Data and Key Metrics Changes - The company reported a net profit of CHF 1.2 billion and earnings per share of CHF 0.37 for Q4 2025, with underlying pre-tax profit increasing by 62% year-over-year to CHF 2.9 billion [3][4] - Total revenues rose by 10% compared to the previous year, driven by strong growth in global wealth management and the investment bank [3][4] - The cost-income ratio improved to 75%, and the return on CET1 capital was 11.9% [4] Business Line Data and Key Metrics Changes - Global Wealth Management (GWM) achieved a pre-tax profit of CHF 1.6 billion for Q4, up from CHF 1.1 billion the previous year, with revenues increasing by 11% [12][13] - Personal and Corporate Banking (P&C) reported a pre-tax profit of CHF 543 million, down 5%, primarily due to lower net interest income [18] - Asset Management's pre-tax profit increased by 20% to CHF 268 million, driven by higher revenues and lower costs [19] Market Data and Key Metrics Changes - GWM's invested assets reached CHF 4.8 trillion, with net new assets of CHF 101 billion for the full year, representing 2.4% growth [15][12] - In the Americas, net new assets were negatively impacted by outflows of CHF 14 billion, while EMEA and APAC saw inflows of CHF 23 billion [15] - The investment bank's revenues increased by 18% year-over-year, reaching CHF 11.8 billion [21] Company Strategy and Development Direction - The company aims to complete the integration of Credit Suisse by the end of 2026, with a focus on achieving a cost-income ratio below 70% and a return on CET1 capital of around 15% [30][51] - Strategic investments in technology and AI are being prioritized to enhance operational efficiency and client experience [28][33] - The company plans to increase gross cost savings to CHF 13.5 billion, with a focus on simplifying operations and retiring legacy systems [30][55] Management's Comments on Operating Environment and Future Outlook - The management highlighted a constructive market environment with steady global growth and easing inflation, but acknowledged potential volatility due to geopolitical and economic uncertainties [30][31] - The company remains committed to its diversified model and aims to leverage its global capabilities to capture growth opportunities [32][34] - Management expressed confidence in achieving integration milestones and capturing remaining synergies by the end of the year [29][30] Other Important Information - The effective tax rate for Q4 was 29%, with a full-year rate of 12% for 2025 [6] - The company plans to repurchase CHF 3 billion in shares in 2026, maintaining a CET1 capital ratio around 14% [47][65] - The company has identified an additional CHF 500 million in cost synergies during its planning process [30][55] Q&A Session Summary Question: What are the expectations for net new assets in Global Wealth Management? - The company expects GWM's net new assets to exceed $125 billion in 2026, supported by strong growth across various regions [37] Question: How is the integration of Credit Suisse progressing? - The management confirmed that the integration is on track to be completed by the end of the first quarter, with significant progress made in client migrations [26][41] Question: What are the anticipated challenges in Personal and Corporate Banking? - The management noted that while interest rates are expected to remain low, they anticipate a mixed credit backdrop in Switzerland, which may impact profitability [18][43]