Analyst Consensus ?
ConsensusHold29 ratings
Bullish1655.2%
Neutral724.1%
Bearish620.7%
UBS Group AG · UBS · FY2025 Q1 · Calendar Q2 2025
UBS reports resilient wealth flows as integration and capital constraints persist
The call analysis points to resilience in wealth management and continued integration savings, supporting the operating story. The evidence is balanced by uncertainty around regulation, leverage, tariffs and rates; the supplied record does not provide verified actual-versus-consensus results or prior-quarter analysis.
Reported Before market openNYSEFinancial Services
$148.43B market cap
70quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.42
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $10.16B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.9%
Event window
SPY move
+0.0%
Same window
Abnormal move
-1.0%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
+4.7%
Up to 20 sessions
UBSSPY benchmark
Ask FN2 about UBS FY2025 Q1
Transcript, numbers and history already loaded
What drove UBS's -0.9% move after FY2025 Q1 earnings?What changed in UBS's guidance and outlook in FY2025 Q1?Give me the bull and bear case for UBS after FY2025 Q1 earnings.
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Transcript intelligence
What changed
Management described continued Credit Suisse integration progress, including Swiss-client migration and technology savings, alongside strong wealth-management net new assets. Management maintained its guidance sentiment; concerns around capital constraints and external uncertainty remain.
Guidance delta
Guidance sentiment was maintained. The supplied analysis does not specify a quantified guidance change.
Key takeaways
- The transcript analysis describes Q1 net profit and return on CET1 as resilient despite market volatility.
- Wealth Management attracted substantial net new assets, with the Americas and APAC identified as contributors.
- Credit Suisse integration is progressing through cost savings and data migration, while leverage remains a constraint.
- The analysis identifies tariffs, regulatory change and lower rates as material uncertainties.
Management priorities
- Continue Swiss client migration and Credit Suisse integration.
- Deliver remaining technology cost savings and decommission legacy systems.
- Expand wealth management in APAC and deploy generative AI across advisory and investment platforms.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$48.48Previous close
$19.24Low
$23.57Average
$34High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Underweight | Upgrade | Apr 20, 2026 |
| B of A Securities | Buy | Neutral | Upgrade | Dec 16, 2025 |
| Jefferies | Buy | Hold | Upgrade | Jun 3, 2025 |
| Exane BNP Paribas | Outperform | Neutral | Upgrade | Jan 3, 2025 |
| Citigroup | Neutral | Buy | Downgrade | Apr 23, 2024 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Mar 8, 2024 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Oct 16, 2023 |
| Oddo Securities | Underperform | Neutral | Downgrade | Mar 20, 2023 |
| Deutsche Bank | Buy | Hold | Upgrade | May 19, 2021 |
| Berenberg | Buy | Hold | Upgrade | Jan 15, 2021 |
| Kepler Cheuvreux | Buy | Hold | Upgrade | Sep 10, 2019 |
| DZ Bank | Sell | Hold | Downgrade | Aug 21, 2019 |
| Societe Generale | Sell | Sell | Maintain | Jul 24, 2019 |
| Bank of America | Buy | Neutral | Upgrade | Nov 10, 2017 |
| JP Morgan | Neutral | Underweight | Upgrade | Dec 12, 2016 |
| Keefe, Bruyette & Woods | Outperform | Underperform | Upgrade | Nov 10, 2016 |
| Keefe Bruyette & Woods | Outperform | Underperform | Upgrade | Nov 10, 2016 |
| Credit Suisse | Neutral | Neutral | Maintain | Sep 19, 2016 |
| Bernstein | Underperform | Underperform | Maintain | Jul 12, 2016 |
| UBS | Sell | Sell | Maintain | Feb 17, 2016 |
| J. Safra Sarasin | Neutral | Buy | Downgrade | Feb 2, 2016 |
| Goldman Sachs | Neutral | Buy | Downgrade | Sep 15, 2015 |
| Mediobanca Securities | Outperform | Outperform | Maintain | Jun 15, 2015 |
| Rafferty Capital | Buy | Hold | Upgrade | May 6, 2014 |
| Rafferty | Buy | Hold | Upgrade | May 6, 2014 |
| MainFirst Bank AG | Outperform | Market Perform | Upgrade | Nov 5, 2013 |
| MainFirst | Outperform | Market Perform | Upgrade | Nov 5, 2013 |
| Bankhaus Lampe | Sell | Hold | Downgrade | Jun 20, 2013 |
| Rochdale Securities | Neutral | Buy | Downgrade | Aug 1, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $48.48. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bank of America Securities | Antonio Reale | $34 | $30.3 | -29.9% | Sep 19, 2024 |
| Deutsche Bank | Benjamin Goy | $24.59 | $20.37 | -49.3% | Feb 3, 2022 |
| Berenberg Bank | Eoin Mullany | $23.52 | $20.53 | -51.5% | Feb 2, 2022 |
| Barclays | Amit Goel | $21.38 | $20.4 | -55.9% | Feb 1, 2022 |
| Morgan Stanley | Magdalena Stoklosa | $22.45 | $17.15 | -53.7% | Nov 29, 2021 |
| DZ BANK AG | Markus Mischker | $19.24 | $17.96 | -60.3% | Oct 26, 2021 |
| Societe Generale | Andrew T Lim | $19.78 | $16.14 | -59.2% | Sep 27, 2021 |
Track every rating change on UBS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationUBS Group AG, a financial services giant headquartered in Zurich, Switzerland, since its founding in 1862 (and known as UBS AG until its name change in December 2014), delivers a comprehensive range of financial advice and solutions to a global clientele of private individuals, institutions, and corporations. The firm structures its operations across four primary business segments: The Global Wealth Management division caters specifically to affluent and ultra-high-net-worth clients. It provides sophisticated investment guidance, various lending products, including mortgages and securities-based loans, and extensive planning services encompassing estate and wealth management, philanthropy, corporate and banking services, and family advisory. Through its Personal & Corporate Banking arm, UBS supports individual clients with essential banking services like deposits, cards, and digital platforms, alongside financing, investment opportunities, and retirement solutions.…
Historical context
All UBS earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CBOE Cboe Global Markets, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.8% | +6.8% | Cboe posts strong Q3 as options growth and new products advance |
| NWG NatWest Group plc | FY2026 Q3 · Calendar Q4 2026 | +2.0% | -9.0% | NatWest maintains guidance as Q3 growth and capital remain strong |
| ERIE Erie Indemnity Company | FY2026 Q3 · Calendar Q4 2026 | +2.1% | +5.3% | Erie pairs resilient demand initiatives with thin underwriting margins |
Latest beats and misses
Who reports nextBeat on EPS
- TSEMFY2026 Q3 · November 2, 2026+7.5% EPS-6.7% move
- CLXFY2027 Q1 · November 2, 2026+44.9% EPS+2.2% move
- AAPLFY2026 Q4 · November 2, 2026+3.0% EPS-1.8% move
- PLTRFY2026 Q3 · November 2, 2026+8.3% EPS-3.1% move
- ETRFY2026 Q3 · November 2, 2026+14.5% EPS-0.2% move
- OFY2026 Q3 · November 2, 2026+5.7% EPS+1.1% move
Missed on EPS
- VRTXFY2026 Q3 · November 2, 2026-1.2% EPS-1.0% move
- PEGFY2026 Q3 · November 2, 2026-3.4% EPS+0.1% move
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
Get the UBS recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-16T00:02:45.914612+00:00
- Polygon adjusted daily market bars · 2026-11-03T12:20:46.832266+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T12:20:46.829337+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.