UBS's second-quarter 2018 results

Zurich24 Jul 2018, 06:45 CESTPrice sensitive informationMedia Releases AmericasMedia Releases APACMedia releases EuropeMedia Releases GlobalMedia Releases SwitzerlandInvestor Releases

UBS delivered strong second-quarter results with reported profit before tax (PBT) up 12% year over year.

2Q18 PBT +12% YoY to CHF 1.7bn

  • 1H18 net profit1 +15% YoY to CHF 2.8bn; adjusted2 RoTE excluding DTAs3 17.3%; strong PBT growth in Global Wealth Management (+19%) and the Investment Bank (+24%)
  • 2Q18 net profit1 +9% YoY to CHF 1.3bn; diluted EPS CHF 0.33
  • 2Q18 PBT in Global Wealth Management +18% and Investment Bank +26% YoY
  • Repurchased CHF 550m of own shares while maintaining strong CET1 capital ratio 13.4% and CET1 leverage ratio 3.75%
  • UBS one of the best rated large global banks, confirmed by recent Moody's upgrade 

1 Net profit attributable to shareholders.
2 Refer to the “Performance by business division and Corporate Center unit – reported and adjusted“ table in this news release.
3 Adjusted return on tangible equity excluding deferred tax expense/benefit and DTAs; calculated as adjusted net profit/loss attributable to shareholders excluding amortization and impairment of goodwill and intangible assets and deferred tax expense/benefit (annualized as applicable), divided by average tangible equity attributable to shareholders excluding any DTAs that do not qualify as CET1 capital.