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UBS reports Q1 net profit of $3.0 billion, beating expectations

Published by Global Banking & Finance Review

Posted on April 29, 2026

1 min read

· Last updated: April 29, 2026

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UBS reports Q1 net profit of $3.0 billion, beating expectations
Finance Banking Markets

UBS Posts $3 Billion Q1 Net Profit, Beating Analyst Expectations in 2024

UBS Group's First Quarter 2024 Financial Results

Net Profit Surpasses Analyst Estimates

Reported Figures

ZURICH, April 29 (Reuters) - UBS Group on Wednesday reported a net profit attributable to shareholders of $3.040 billion in the first quarter, which compares with an average estimate of $2.326 billion in a company-provided poll of analysts.

Analyst Poll and Market Reaction

(Reporting by Ariane Luthi Writing by Kirsti Knolle)

Key Takeaways

  • UBS posted a strong first-quarter profit of $3.040 billion, significantly above the $2.326 billion consensus estimate citeUSER
  • This result underscores robust performance, particularly in trading and wealth management, amid market volatility and continued integration of Credit Suisse into UBS’s operations (ubs.com)
  • The bank’s strong capital position and ongoing cost‑saving efforts support its ability to continue share buybacks and navigate evolving regulatory and macroeconomic uncertainties (wtbx.com)

References

Frequently Asked Questions

What was UBS's net profit for Q1 2024?
UBS reported a net profit of $3.040 billion for the first quarter of 2024.
How did UBS's Q1 2024 net profit compare to analyst estimates?
UBS's Q1 2024 net profit of $3.040 billion surpassed the analyst estimate of $2.326 billion.
Where is UBS headquartered?
UBS is headquartered in Zurich, Switzerland.
Who reported on UBS's Q1 2024 earnings?
The results were reported by Ariane Luthi and written by Kirsti Knolle.

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