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UBS posts 74% jump in third-quarter profit, beating expectations
CNBCยท 2025-10-29 05:49
Core Insights - UBS reported a third-quarter net profit of $2.5 billion, a 74% increase from $1.43 billion year-over-year, exceeding analyst expectations of $1.85 billion [1] - The bank's third-quarter revenues reached $12.76 billion, slightly above the anticipated $12.68 billion [2] - UBS is in the process of integrating Credit Suisse, with completion expected by the end of next year [2] Regulatory Environment - UBS faces a potential increase in mandatory capital requirements as the government aims to mitigate risks following Credit Suisse's collapse [3] - The bank expressed disagreement with the proposed "extreme" increase in capital requirements while supporting most regulatory proposals [3] Market Performance - UBS shares have risen over 11% year-to-date [3]