UBS (UBS) Q3 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Thu, February 5, 2026 astatine 10:51 AM CST 52 min read

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Wednesday, October 29, 2025 astatine 10 a.m. ET

• Group Chief Executive Officer — Sergio Ermotti

• Group Chief Financial Officer — Todd Tuckner

Sergio Ermotti: Thank you, Sarah, and bully morning, everyone. The powerfulness of our unsocial concern model, diversified planetary footprint and equilibrium expanse for each seasons was evident erstwhile again successful our fantabulous show this quarter. Regardless of however you measurement our 3rd 4th results, we delivered beardown returns driven by important momentum successful our halfway businesses and disciplined execution connected our strategical priorities. Invested assets reached astir $7 trillion crossed the group, supported by robust flows successful Global Wealth Management and besides Asset Management, wherever we surpassed $2 trillion successful invested assets for the archetypal time. In APAC, invested assets crossed our plus gathering businesses present transcend $1 trillion.

And this quarter's exceptionally beardown flows underscore our presumption arsenic the region's largest planetary wealthiness manager. The buildup of our concern banking capabilities successful areas of strategical value supported our outperformance of manufacture interest pools and is accordant with our ambition to summation marketplace share. We besides saw steadfast backstage and organization lawsuit enactment crossed the globe. In Switzerland, our clients proceed to payment from UBS' unsocial planetary footprint and capabilities arsenic we supported businesses and households with astir CHF 40 cardinal of loans granted oregon renewed during the quarter. I'm peculiarly pleased that we achieved each of this portion further advancing connected our integration efforts.

Over 2/3 of clients accounts successful Switzerland, much than 700,000 person present been migrated onto UBS platforms. We person substantially completed the migration of idiosyncratic banking clients and commenced firm and organization lawsuit transfers. We are encouraged to spot improved restitution from clients who are present connected the UBS platform, and we stay connected way to implicit the last migrations by the extremity of the archetypal 4th adjacent year. The integration of Asset Management is besides substantially completed, allowing america to afloat absorption connected opportunities to thrust businesslike growth. Across the group, we proceed to streamline our operations.

We are astir halfway done our exertion decommissioning roadworthy map, and we person unopen down 60% of bequest servers and proceed astir -- and processed astir 40 petabytes of data. This keeps america good positioned to present connected our gross outgo savings ambitions by the extremity of 2026. Our caller worker survey highlighted what, successful my view, is 1 of the astir important markers of our integration progress. Sentiment crossed UBS and erstwhile Credit Suisse colleagues is present arsenic affirmative and good supra manufacture benchmarks, further validating our efforts to make a communal civilization and imaginativeness crossed the organization.