21:44 - 29.07.2026
July 29, Fineko/abc.az. UBS Group AG has unveiled a new $3 billion share repurchase program running through mid-2027, aimed at offering investors greater visibility on capital returns amid ongoing debate over Swiss capital regulations.
Following the completion of a prior $3 billion buyback program this month, the Zurich-based lender plans to repurchase at least $1 billion worth of its own shares over the next three months.
For the second quarter, Switzerland's largest bank reported a net profit of $2.8 billion, topping Wall Street estimates of $2.39 billion. The robust performance was propelled by strong trading volumes across investment banking and higher-than-expected net asset inflows in its global wealth management unit. UBS noted that sustained profitability is helping offset market concerns surrounding stricter Swiss capital rules.
28 July 2026
29 July 2026