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UBS Group AG
(UBSG)
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Rating:60Neutral
Price Target:
CHF41.00
▼(-5.14% Downside)
Action:Reiterated
Date:10/28/26
Overall score reflects a strong and confident earnings-call outlook (profit growth, cost execution, capital strength, and integration progress) that is tempered by weaker financial-statement quality—especially 2025 negative operating/free cash flow and earnings volatility—and a bearish technical setup with negative momentum. Valuation is reasonable but not a decisive positive based on the provided P/E and yield.
Positive Factors
Wealth Management Growth
Strong net new assets and rising recurring fee income reinforce UBS’s position in global wealth management, its largest contributor. Continued client inflows can expand fee-generating assets and create durable revenue growth, while the franchise supports cross-selling across lending and investment products.
Negative Factors
Weak Cash Conversion
Negative operating and free cash flow despite positive earnings indicates that reported profitability is not currently converting reliably into cash. If this persists, UBS may have less internally generated funding for investment, distributions, or balance-sheet growth and greater reliance on funding capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Wealth Management Growth
Strong net new assets and rising recurring fee income reinforce UBS’s position in global wealth management, its largest contributor. Continued client inflows can expand fee-generating assets and create durable revenue growth, while the franchise supports cross-selling across lending and investment products.
Read all positive factors
UBS Group AG (UBSG) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF118.18B
Dividend Yield2.22%
Average Volume (3M)6.02M
Price to Earnings (P/E)15.6
Beta (1Y)0.98
Revenue Growth-13.47%
EPS GrowthN/A
CountryCH
Employees99,085
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)2.98
Shares Outstanding3,277,805,200
10 Day Avg. Volume4,490,949
30 Day Avg. Volume6,023,461
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.29
Price to Sales (P/S)1.57
P/FCF Ratio7.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF48.86Price Target Upside13.04% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)3.62
Revenue Forecast (FY)CHF53.49B
UBS Group AG Business Overview & Revenue Model
Company Description
Globally, UBS Group AG offers a comprehensive suite of financial advisory services and innovative solutions to a diverse clientele, encompassing private individuals, institutions, and corporations. Its operations are segmented into four main divis...
How the Company Makes Money
UBS makes money primarily by providing fee-based and interest-based financial services across its divisions.
1) Wealth Management (largest contributor)
- Recurring fees on invested assets: UBS earns management and advisory fees tied to client ass...
UBS Group AG Earnings Call Summary
Earnings Call Date:Oct 29, 2026
(Q3-2026)
| Next Earnings Date:Feb 03, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. UBS reported broad-based profit growth, improving operating leverage, strong wealth-management inflows, record Global Markets performance, substantial cost reductions, solid capital and liquidity metrics, and continued progress toward completing the Credit Suisse integration. The principal challenges were Swiss regulatory uncertainty, integration and liability-management charges, asset-management outflows, weaker investment-banking advisory and global-banking revenues, measured market sentiment, and pending litigation. However, the positive operating and strategic developments significantly outweighed the stated challenges.Positive Updates
Strong Third-Quarter Group Performance
Reported net profit was $2.7 billion and earnings per share was $0.85. Underlying pre-tax profit increased 14% to $4.1 billion, return on CET1 capital was 16.7%, the cost-income ratio was 68.7%, and total revenues increased 10%, outpacing expense growth.
Negative Updates
Swiss Capital Regulation Concerns
UBS said the latest Swiss parliamentary proposal is very concerning, would excessively tighten capital requirements that are already among the most stringent globally, and could impose undue costs on shareholders, clients, and employees while affecting the firm's long-term competitive position.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Third-Quarter Group Performance
Reported net profit was $2.7 billion and earnings per share was $0.85. Underlying pre-tax profit increased 14% to $4.1 billion, return on CET1 capital was 16.7%, the cost-income ratio was 68.7%, and total revenues increased 10%, outpacing expense growth.
Read all positive updates
Company Guidance
UBS expects to outperform its 2026 exit rate return target and achieve an exit rate cost-income ratio target of less than 70%; it expects $0.5 billion more gross cost reductions in the fourth quarter, bringing the total to around $13.7 billion, above its $13.5 billion ambition, with around $0.5 billion of integration-related expenses and a final cost to achieve multiple of around 1.1x at historical FX rates. UBS expects to end 2026 with a CET1 capital ratio at or very close to its target of around 14%, including a potential accrual for the initial portion of intended 2027 share buybacks. For the fourth quarter, it expects a low single-digit sequential increase in GWM net interest income, P&C net interest income in Swiss franc terms to increase slightly, further model releases to partly offset seasonally higher Stage 3 charges assuming the Swiss credit outlook remains constructive, a broadly similar impact from the O'Connor exit on the Q4 revenue and cost comparison with limited effects thereafter, sequential growth in global banking revenues assuming constructive market conditions, and a more typical sequential seasonal moderation in transaction volumes. Non-core and Legacy is expected to exit the year with around $300 million of annualized operating expenses, excluding litigation, with further reductions thereafter; the U.S. bank expects to roll out the first incremental array of capabilities during 2027, and UBS retains an 18% ambition for 2028 in the Americas.UBS Group AG Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.42B | 73.84B | 81.29B | 57.38B | 39.83B | 38.32B |
| Gross Profit | 48.80B | 46.77B | 44.80B | 32.36B | 33.24B | 35.21B |
| EBITDA | 14.86B | 12.38B | 10.62B | 27.92B | 11.66B | 11.60B |
| Net Income | 9.28B | 7.77B | 5.09B | 23.41B | 7.63B | 7.46B |
Balance Sheet | ||||||
| Total Assets | 1.71T | 1.62T | 1.57T | 1.72T | 1.10T | 1.12T |
| Cash, Cash Equivalents and Short-Term Investments | 367.55B | 223.73B | 227.90B | 319.36B | 175.06B | 203.64B |
| Total Debt | 375.26B | 344.73B | 353.05B | 399.50B | 212.81B | 230.65B |
| Total Liabilities | 1.62T | 1.53T | 1.48T | 1.63T | 1.05T | 1.06T |
| Stockholders Equity | 89.17B | 90.21B | 85.08B | 85.62B | 56.88B | 60.66B |
Cash Flow | ||||||
| Free Cash Flow | -1.16B | 15.46B | 1.27B | 84.38B | 13.00B | 29.58B |
| Operating Cash Flow | -46.39M | 17.33B | 3.28B | 86.07B | 14.65B | 31.43B |
| Investing Cash Flow | -7.73B | -18.09B | 709.00M | 103.23B | -12.45B | -2.12B |
| Financing Cash Flow | -16.34B | -24.48B | -84.17B | -58.26B | -9.09B | 10.35B |
UBS Group AG Technical Analysis
Negative
43.22
Price Trends
41.46
Negative
41.66
Negative
37.47
Positive
Market Momentum
-0.73
Negative
41.04
Neutral
29.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:UBSG, the sentiment is Negative. The current price of 43.22 is above the 20-day moving average (MA) of 39.40, above the 50-day MA of 41.46, and above the 200-day MA of 37.47, indicating a neutral trend. The MACD of -0.73 indicates Negative momentum. The RSI at 41.04 is Neutral, neither overbought nor oversold. The STOCH value of 29.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CH:UBSG.
UBS Group AG Risk Analysis
UBS Group AG disclosed 20 risk factors in its most recent earnings report. UBS Group AG reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
UBS Group AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | CHF4.98B | 17.46 | 12.14% | 4.00% | -0.85% | -25.22% | |
64 Neutral | CHF1.96B | 13.37 | 29.10% | 3.00% | 3.37% | 14.93% | |
63 Neutral | CHF11.06B | 25.14 | 11.28% | 3.42% | -7.86% | 1.46% | |
63 Neutral | CHF5.09B | 13.46 | 14.87% | 3.28% | 11.49% | 51.27% | |
60 Neutral | CHF118.18B | 15.62 | 10.26% | 2.22% | -13.47% | ― | |
48 Neutral | CHF72.07M | -1.21 | -277.14% | 5.97% | -35.48% | 20.77% |
* Financial Sector Average
CH:UBSG
UBS Group AG
38.60
8.77
29.40%
CH:BCVN
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128.70
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42.60%
CH:CFT
Compagnie Financiere Tradition SA
250.00
-45.15
-15.30%
CH:EFGN
EFG International AG
16.24
0.34
2.16%
CH:GAM
GAM Holding AG
0.07
-0.11
-63.89%
CH:VONN
Vontobel Holding AG
91.40
33.72
58.47%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.