k-flash audio commentUBS
k-flash audio commentUBS

The case

UBS posts a profit of USD 2.2 billion in the second quarter of 2025.

Source: UBS and NZZ & Reuters

The commentary

UBS’s business is flourishing. Group revenues grew slightly by 2 % to USD 12.1 billion in the second quarter, and the bank achieved a pre-tax profit of around USD 2.2 billion. According to UBS, low interest rates are weighing on the result. Compared to the same period last year, profit increased by around 50 %. One reason for this is one-off effect: UBS was able to release provisions as it settled legacy CS liabilities. Costs fell by 6 % to USD 9.7 billion compared to the previous year. In Switzerland, around a third of CS clients have so far been migrated to UBS.

The UBS profit of USD 2.4 billion sounds rather moderate in view of the performance of JPMorgan and other major US banks. Although UBS is one of the most important European banks, it does not reach the profits of the giant US corporations, which achieved a completely different level in Q2 2025! JPMorgan Chase is by far the biggest beneficiary of the turmoil on the financial markets with a net profit of around USD 15bn in Q2 2025, around six times higher than UBS’s profit.

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