UBS Group AG
- Open
- 49.48
- Day high
- 49.85
- Day low
- 49.33
- Prev close
- 49.49
- Volume
- 1.1M
- Mkt cap
- $162.6B
- P/E (TTM)
- 17.8
- EPS (TTM)
- $2.79
- P/B
- 1.8
- P/S
- 2.2
- Yield
- 2.22%
- Per share
- $1.10
UBS Group AG (UBS) is a Financial Services company listed on NYSE. The stock is up 46% over the past year. Drillr has 3 published research articles covering UBS.
UBS Group AG (UBS) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UBS earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.85 | $0.94 | +10.6% | $13.6B | +3.7% |
| Feb 4, 2026 | $0.25 | $0.37 | +48.0% | $14.6B | +24.6% |
| Oct 29, 2025 | $0.49 | $0.76 | +55.9% | $12.2B | +2.3% |
| Jul 30, 2025 | $0.70 | $0.72 | +2.9% | $18.3B | +92.1% |
| Apr 30, 2025 | $0.42 | $0.51 | +21.4% | $10.9B | +13.7% |
| Feb 4, 2025 | $0.31 | $0.23 | -25.8% | $10.6B | -3.2% |
| Oct 30, 2024 | $0.35 | $0.43 | +22.9% | $11.0B | +0.6% |
| Aug 14, 2024 | $0.30 | $0.34 | +13.3% | $11.9B | +5.0% |
| Aug 1, 2023 | — | $0.61 | — | $9.5B | — |
| Jan 31, 2023 | $0.38 | $0.50 | +31.6% | $8.0B | -0.6% |
| Oct 25, 2022 | $0.46 | $0.52 | +13.0% | $8.0B | -2.0% |
| Jul 26, 2022 | $0.48 | $0.61 | +27.1% | $8.1B | -13.1% |
UBS research & analysis
DB Stock: ECB Rate Hike European Bank NII Explained
Deutsche Bank EUR loan book repositions for ECB first hike since 2023. NII windfall €1.0-1.5B annual through 2026 cycle. Pure-play.
DBBARCSwiss Government Proposes Stricter UBS Capital Rules Capping Return Potential
Swiss government draft legislation proposes stricter capital requirements for UBS that will constrain return potential and capital distribution flexibility. The concrete proposals settle regulatory uncertainty that markets had underpriced, positioning UBS for 10-15% underperformance versus European banking peers over 6-12 months as return targets compress and multiple expansion stalls.
SNB Rate Cut Odds Rise After CPI Miss — 6 US Stocks Poised to Win: NVS Leads
Switzerland's March CPI of 0.3% YoY (vs 0.5% expected) bolsters SNB rate cut odds, lifting US-listed Swiss-exposed names like NVS, UBS, ALC, LOGI, MTD, and ONON. These firms offer diversified plays on pharma stability, banking recovery, and consumer/industrial growth, with NVS leading conviction. Lower rates promise earnings acceleration amid attractive valuations.
NVSALCLOGI
UBS Group AG company profile
Overview
UBS Group AG (NYSE:UBS) is a Swiss multinational investment bank and financial services company founded in 1862 and headquartered in Zurich, Switzerland. The bank was formed through various mergers and acquisitions over its 160-year history, with its current structure established in 2014 when UBS AG reorganized into UBS Group AG. In 2023, UBS completed one of the most significant transactions in modern banking history by acquiring Credit Suisse in an emergency rescue deal orchestrated by Swiss regulators. This acquisition dramatically expanded UBS's global footprint and transformed it into one of the world's largest wealth management and investment banking franchises, though it also brought substantial integration challenges and legacy risks that the bank continues to manage.
Business
UBS operates as a diversified financial services institution across four primary business divisions, serving wealthy individuals, corporations, and institutional clients worldwide. The company's business model centers on providing comprehensive financial solutions ranging from basic banking services to sophisticated investment strategies. Global Wealth Management represents UBS's largest and most profitable division, generating approximately 50% of total revenues. This segment provides investment advice, portfolio management, estate planning, and lending services to ultra-high-net-worth and high-net-worth individuals globally. The division manages client assets through various investment vehicles and charges fees based on assets under management, transaction volumes, and advisory services. Wealth management is the banking industry's term for serving affluent clients who typically have investable assets exceeding $1 million, with ultra-high-net-worth clients having over $30 million in assets. Personal & Corporate Banking operates primarily in Switzerland and accounts for roughly 25% of revenues. This division provides traditional banking services including deposits, loans, mortgages, and payment services to individual consumers and small-to-medium enterprises. It also offers corporate banking solutions such as trade finance, cash management, and capital markets access to larger corporate clients. This segment generates revenue through net interest income (the difference between what the bank pays on deposits and charges on loans) and various service fees. Investment Bank contributes approximately 15% of revenues and provides capital markets services, advisory services for mergers and acquisitions, securities trading, and market-making activities. Investment banking involves helping corporations and governments raise capital by underwriting and selling securities, advising on strategic transactions, and facilitating trading in financial markets. Revenue comes from advisory fees, underwriting commissions, and trading spreads. Asset Management generates about 10% of revenues by managing investment funds and providing institutional asset management services. This division creates and manages mutual funds, hedge funds, and other investment vehicles for institutional clients like pension funds, insurance companies, and sovereign wealth funds. Revenue is primarily derived from management fees calculated as a percentage of assets under management. The bank also maintains a Non-Core and Legacy division that houses assets and operations inherited from the Credit Suisse acquisition that UBS intends to wind down or divest over time.
Revenue model
UBS generates revenue through multiple complementary business models that leverage its global platform and client relationships. The primary revenue streams include asset-based fees, net interest income, transaction-based commissions, and advisory fees. Fee-based revenue constitutes the largest portion of UBS's income, primarily from wealth management where the bank charges annual fees typically ranging from 0.5% to 2% of assets under management. This creates a relatively stable, recurring revenue stream that grows with both market appreciation and net new asset inflows from clients. Asset management similarly generates fees based on funds under management, though at lower rates due to institutional client pricing. Net interest income represents a significant revenue source, particularly from the Swiss Personal & Corporate Banking division. The bank profits from the spread between interest paid on customer deposits and interest earned on loans and mortgages. This income stream is highly sensitive to interest rate environments - rising rates generally increase profitability while falling rates compress margins. Transaction and advisory revenue comes from investment banking activities including merger and acquisition advisory fees, securities underwriting commissions, and trading revenues. These revenues tend to be more volatile and dependent on market conditions, client activity levels, and overall economic sentiment. Several factors significantly impact UBS's profitability margins. Interest rate movements directly affect net interest income, with the recent decline in Swiss interest rates creating headwinds for the bank's domestic operations. Market volatility and performance influence both fee-based revenues (through asset valuations) and client activity levels. Regulatory changes, particularly potential increases in Swiss capital requirements, could force the bank to hold more capital and reduce returns. Competition in wealth management from both traditional banks and emerging fintech platforms pressures fee margins, while operational efficiency from the ongoing Credit Suisse integration will determine whether the bank achieves its targeted cost synergies of $13 billion by 2026.
Competitive moat
UBS possesses a moderately strong competitive moat built primarily around its global wealth management franchise, though this moat faces increasing challenges from technological disruption and regulatory pressures. The bank's primary competitive advantages stem from its extensive international network, established client relationships, and comprehensive service capabilities that create significant switching costs for wealthy clients. Network effects and scale advantages represent UBS's strongest moat characteristics. The bank's global presence across major financial centers allows it to serve internationally mobile wealthy clients seamlessly, a capability that smaller regional competitors cannot easily replicate. The complexity and personal nature of wealth management services create high switching costs, as clients develop long-term relationships with advisors and become embedded in the bank's ecosystem of services including lending, estate planning, and investment management. Regulatory barriers provide some protection, as the wealth management business requires significant regulatory approvals, compliance infrastructure, and capital requirements that limit new entrants. The bank's strong balance sheet and regulatory capital position also provide stability that clients value, particularly following recent banking sector turbulence. However, UBS's moat faces several significant threats. Technological disruption from robo-advisors and fintech platforms is democratizing investment advice and reducing the value proposition for traditional wealth management, particularly among younger affluent clients. Fee compression continues across the industry as clients become more cost-conscious and alternatives proliferate. Regulatory fragmentation creates operational complexity and potential restrictions on cross-border services that could weaken the bank's global platform advantage. The Credit Suisse integration, while potentially strengthening UBS's market position through increased scale, also introduces execution risk and potential client attrition that could temporarily weaken competitive positioning. Additionally, potential changes to Swiss banking regulations could force UBS to hold significantly more capital, reducing returns and potentially making the bank less competitive globally. Overall, UBS maintains a solid but not impregnable competitive position that requires continuous investment in technology and client service to sustain.
Risks & safety
UBS maintains a relatively strong financial position with adequate capital buffers, though the Credit Suisse integration introduces some near-term uncertainties and elevated operational risks. Capital and Solvency: - CET1 capital ratio of 14.3% as of Q1 2025, well above regulatory minimums - Strong liquidity position with over $230 billion in cash and short-term investments - Debt-to-equity ratio of 3.86x, typical for large banks but elevated due to leverage inherent in banking operations - No immediate solvency concerns given strong capital position and regulatory oversight Operational Cash Generation: - Positive operating cash flow of $15.4 billion in Q1 2025 - Free cash flow of $14.8 billion demonstrates strong cash generation capability - Return on equity of 19.4% annualized in Q1 2025, indicating efficient capital utilization Valuation Metrics: - Trading at 14.4x trailing earnings, reasonable for a major bank - Price-to-book ratio of 1.12x, close to book value suggesting modest valuation - Current price around $30 appears neither particularly cheap nor expensive relative to fundamentals Key Risk Factors: - Integration execution risk from Credit Suisse acquisition could impact profitability - Potential Swiss regulatory changes could require additional capital and reduce returns - Non-core legacy portfolio still carries $200 million quarterly losses - Exposure to interest rate sensitivity, particularly in Swiss operations
Recent development
UBS has undergone a dramatic transformation over the past two years, primarily driven by its emergency acquisition of Credit Suisse in March 2023. This transaction, orchestrated by Swiss regulators to prevent a broader banking crisis, has fundamentally reshaped UBS's business profile and strategic priorities. Credit Suisse Integration represents the bank's most significant strategic initiative. UBS has made substantial progress, completing over 4,000 integration milestones in 2024 alone and migrating over 90% of client accounts outside Switzerland to UBS systems. The bank has captured approximately 60% of its targeted $13 billion in gross cost savings by removing redundant operations, consolidating technology platforms, and eliminating over 40% of legacy applications. However, the integration remains complex, with Swiss client migrations planned for 2025 and the gradual wind-down of the Non-Core and Legacy portfolio expected to continue through 2026. Technology and AI Investment has become a key strategic focus as UBS seeks to improve operational efficiency and client service. The bank has deployed 50,000 Microsoft Copilot licenses across its workforce and developed proprietary AI tools including an employee assistant called "Red." These investments are part of UBS's broader digital transformation aimed at reducing costs and enhancing productivity across all business divisions. U.S. Wealth Management Restructuring represents another major strategic pivot. Recognizing underperformance in this key market, UBS is rebalancing its client mix to include more high-net-worth and affluent segments, adjusting financial advisor compensation structures, and investing in expanded banking capabilities. The bank is targeting mid-teen pretax margins in this business, up from current levels. Capital Optimization has been a continuous focus as UBS works to improve returns while maintaining regulatory compliance. The bank accelerated the phaseout of transitional capital adjustments inherited from Credit Suisse and maintains ambitions to return to pre-acquisition capital return levels by 2026. Management targets a 15% return on CET1 capital by end of 2026, requiring continued operational improvements and portfolio optimization.
UBS company profile · for informational purposes only — not investment advice.
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