UBS beats market expectations with $2.8 billion quarterly profit

Swiss bank UBS posted significantly higher earnings in the second quarter of 2026. However, given the ongoing uncertainty surrounding the debate on stricter capital requirements in Switzerland, the major bank is taking a cautious approach to its timetable for further share buybacks. +Get the most important news from Switzerland in your inbox According to a statement released on Wednesday, consolidated profit for the period from April to June reached US$2.8 billion (CHF2.29 billion), an increase…