UBS Group AG (0R3T) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning. Welcome to the UBS First Quarter twenty twenty six Results Presentation. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Sara McKee, UBS Investor Relations. Please go ahead, madam. Good morning and welcome everyone. Before we start, I'd like to draw your attention to our cautionary statement slide at the back of today's results presentation. Please also refer to the risk factors included in our annual report together with additional disclosures in our SEC filings. Throughout our remarks, we will refer to underlying results in U. S. Dollars and make year over year comparisons unless stated otherwise. On Slide two, you can see our agenda for today. It's now my pleasure to hand over to Sergio Amotti, who today reaches a notable milestone with his fiftieth earnings call as Group CEO. Thank you, Sarah, and good morning, everyone. In an increasingly complex environment, we delivered excellent first quarter results with a 17% return on CET1 capital and a 70% cost income ratio, keeping us on track to achieve our 2026 financial objectives. Our performance this quarter reflects our leadership positions in the world's largest and fastest growing markets with broad based strength across all of our core businesses and regions. The quarter began against a backdrop of steady global growth and easing inflation. However, conditions quickly shifted with markets becoming more volatile amid rising uncertainty, driven by concerns over AI driven disruption and the conflict in The Middle East. As the environment become more fragile, our engagement with clients intensified as they turned to UBS to protect their assets and identify opportunities. Asia Pacific was a standout performer as our ...