Swiss wealth chips in as UBS beats profit expectations

The wealth management business, including in Switzerland, chipped in as UBS beat expectations in its second-quarter results.

At the group level, the bank’s second-quarter net profit doubled to $2.4bn (CHF 1.9bn) on a year-on-year basis. It clocked in revenue at $12.1bn, boosted by the wealth division as well as a record second quarter at its global markets unit amid high volatility early in the quarter.

UBS Global Wealth Management pulled in $23.3bn of net new assets in the second quarter of 2025.