UBS Group AG (0R3T) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning. Welcome to the UBS Second Quarter twenty twenty six Results. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Sarah Mackey, UBS Investor Relations. Please go ahead, madam. Good morning and welcome everyone. Before we start, I would 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 US 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, Group CEO. Thank you, Sarah, and good morning, everyone. Almost three years ago, we presented our first set of consolidated results. From the beginning, I made it clear that the acquisition of CrediSwiss was not a gift that we received, but rather a prize that we would have all had to fight to win. As expected, the journey was not a straight line. It required a lot of hard work from my colleagues at UBS and painful decisions. Now these efforts are paying off and the extraordinary patience and support of our shareholders is starting to be rewarded. In the first half of the year, we achieved a return on CET1 capital of around 17%. While the year is not over, we are close to achieving the same level of profitability UBS had prior to the acquisition, underscoring our efforts over the last three years. Just as importantly, we laid the foundation to drive sustainable value creation and long term growth while providing enhanced capabilities to our clients and even better opportunities for o...