# UBS generated a net profit attributable to shareholders of $3 billion for the first quarter.

*business · news · 2026-04-29 · CNBC*

## Key points

- UBS reported a net profit of $3 billion for Q1, up 80% year-on-year.
- UBS's CET 1 capital ratio increased to 14.7%, up from 14.4% the previous quarter.
- UBS plans to complete $3 billion in share buybacks ahead of its next earnings report.
- Underlying profits before tax reached $3.9 billion, exceeding the $3.2 billion analyst estimate.

**Companies:** UBS
**Countries:** Switzerland

[Read the full story on CNBC](https://www.cnbc.com/2026/04/29/ubs-swiss-bank-first-quarter-earnings-profit-switzerland-trading.html)

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