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UBS flags $3 billion in new buybacks by end-June after forecast-beating quarter

UBS Group AG announced a new $3 billion share buyback program running until mid-2027 on Wednesday, starting with at least $1 billion of repurchases over the next three months after posting $2.8 billion net income for the second quarter.
Switzerland's government is debating banking reforms that could force UBS to raise common equity capital for foreign operations to 100% of each unit's value, up from 60% currently; UBS estimates this would require adding about $22 billion in CET1 capital.
Investment bank revenues jumped 26% driven by trading and advisory, while net new money at Global Wealth Management reached $36 billion, significantly outpacing analyst estimates of $21 billion.
CEO Sergio Ermotti warned that geopolitical volatility could create "temporary headwinds," though he noted strong business momentum; UBS shares hit record highs in mid-July.
The committee responsible for the reforms will meet again in August and could propose easing measures, as parliamentary debate over the capital package is expected to continue into next year.

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UBS flags $3 billion in new buybacks by end-June after forecast-beating quarter

UBS booked a 17% jump in second-quarter profit on Wednesday, ahead of expectations, and said it plans to buy back shares worth $3 billion by the middle of next year at ‌the latest.

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