UBS's third-quarter 2020 results

Zurich20 Oct 2020, 06:45 CESTPrice sensitive informationMedia Releases AmericasMedia Releases APACMedia releases EuropeMedia Releases GlobalMedia Releases SwitzerlandQuarterly resultsInvestor Releases

UBS’s third quarter 2020 results reflect ongoing strong client activity as well as the benefits of a well-diversified business model with broad regional mix.

3Q20 net profit USD 2.1bn, 21.9% return on CET1 capital

PBT USD 2.6bn, +92% YoY; adjusted¹ PBT USD 2.1bn, +41% YoY
Best third quarter PBT in a decade
Net profit USD 2.1bn, +99% YoY; return on CET1 capital² 21.9%; cost/income ratio 70.4%; diluted EPS USD 0.56
CET1 capital ratio 13.5% and CET1 leverage ratio³ 3.8% after establishing a USD 1.5bn reserve for potential share repurchases beginning in 2021
UBS’s Board of Directors proposes the second tranche of 2019 dividend of USD 0.365 per share to be paid in November 2020
UBS makes sustainable investments its preferred solution for clients of its USD 2.8trn Global Wealth Management business

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¹ Refer to the “Performance of our business divisions and Group Functions” table for a list of items called out due to their one-off nature within the context of the quarter, which have been excluded to show the “adjusted” results referred to in this document.
² Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital.
³Excluding the effects of the temporary exemption of central bank sight deposits for the going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19.