UBS(US:UBS)2025-07-30 07:00Financial Performance - UBS reported a strong 2Q25 with a net profit of $2.4 billion, and an underlying profit before tax of $2.7 billion, resulting in an underlying RoCET1 of 15.3%[11] - For 1H25, the net profit was $4.1 billion, with an underlying profit before tax of $5.3 billion and an underlying RoCET1 of 13.3%[11] - 2Q25 underlying revenues increased by 8% to $11.6 billion, while underlying operating expenses increased by 3% to $8.8 billion, driving profitability[15] - Total assets reached $1,670 billion in 2Q25, an increase of 8% QoQ and 7% YoY[22] Integration and Cost Savings - Approximately 1/3 of Swiss-booked client accounts have been successfully transferred onto UBS systems, with the aim to migrate the remaining accounts by the end of 1Q26[11] - Cumulative gross cost saves of $9.1 billion have been achieved[11] - The company has achieved approximately 70% of its gross cost save ambition and remains on track to achieve its end-2026 target[19, 20] Business Division Performance - Global Wealth Management (GWM) reported underlying total revenues of $6.156 billion, a 6% increase YoY, and a profit before tax of $1.443 billion, a 24% increase YoY[30, 31] - GWM invested assets reached $4,512 billion, an increase of 7% QoQ[30, 32] - The Investment Bank (IB) reported underlying total revenues of $2.815 billion, a 13% increase YoY, with Global Markets revenues increasing by 26% YoY[39, 40, 41] Capital and Liquidity - The CET1 capital ratio stood at 14.4%[11] - The Liquidity Coverage Ratio (LCR) averaged 182%[24, 26]