UBS AG (UBS) announced that the continuing transformation of UBS and the execution of business strategies presented to investors will enable UBS to meet specific goals over the medium term or 3-5 years. UBS said that it aims to achieve approximately 15 billion Swiss Francs of annual profit before tax, a cost-to-income ratio of 65-70% and a return-on-equity of 15-20%.
UBS Group Chief Executive Officer, Oswald Grübel, said: "Our strategy represents an evolution in terms of our business portfolio but a revolution in terms of the way we will operate. UBS has great businesses and distinctive strengths that we will build on. We combine the world's leading wealth management firm and the number one full-service bank in Switzerland with a global investment bank and a global asset manager. We have made tremendous progress in increasing our capital and positioning the Group for renewed growth, but work remains to be done."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.