UBS AG (UBS) Misses Q3 EPS by 7c; offers outlook

UBS AG (NYSE: UBS) reported Q3 EPS of $0.85, $0.07 worse than the analyst estimate of $0.92. Revenue for the quarter came in at $13.35 billion versus the consensus estimate of $13.05 billion.

Outlook:

For the fourth quarter, we expect a more typical sequential seasonal moderation in transaction volumes across our businesses. In Global Markets, the strong prior-year performance, which included a gain on disposal, may weigh on the year-on-year comparison. In Global Banking, we expect revenues to increase sequentially, based on the current pipeline and assuming constructive markets. Net interest income is expected to increase by a low-single-digit percentage sequentially in Global Wealth Management and increase slightly in Personal & Corporate Banking in Swiss franc terms. We expect to end 2026 with a CET1 capital ratio at or very close to our target of around 14%, including a potential accrual for the initial portion of intended 2027 share buybacks. UBS remains strategically committed to its diversified business model and its global and regional footprint.

For earnings history and earnings-related data on UBS AG (UBS) click here.

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