US EditionSwiss giant UBS beats expectations with $1.69 billion profit in first quarter
- UBS, Switzerland's largest bank, reported a first-quarter 2025 net profit of $1.7 billion, exceeding analyst estimates in its global markets business.
- Increased engagement from clients in the equities and foreign exchange markets, combined with trading gains amid US tariff-related market volatility, contributed to the profit exceeding expectations.
- UBS posted a 32% year-on-year revenue increase in global markets and achieved $8.4 billion in cumulative cost savings while progressing Credit Suisse integration.
- The bank warned that rising tariffs on international trade could significantly impact worldwide economic expansion and inflation, creating uncertainty around future interest rate decisions.
- UBS warned of an uncertain outlook due to regulatory changes requiring more capital and ongoing market volatility that could delay corporate deals.
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UBS profit tops forecasts but tariffs shock cloud outlook
UBS has today posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US tariffs raise global growth fears even as the market tumult drove up earnings in its trading activity.
·Ireland
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UBS 1Q profit tops expectations on tariff-driven volatility in markets
Swiss bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of U.S. tariff turmoil, which it said could delay corporate deals.
·United Kingdom
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Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
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