Swiss banking major UBS Group AG reported Tuesday a loss in its third quarter, compared to prior year's profit, reflecting the integration of Credit Suisse. However, the company recorded an underlying profit in the first full quarter since acquisition, and revenues climbed from last year with good growth in all segments. UBS shares were gaining more than 3 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE.
Sergio Ermotti, Group CEO, said, "We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the Group in the first full quarter since the acquisition. Our clients have continued to place their trust and confidence in us, contributing to strong inflows across wealth management and our Swiss franchise. We are optimistic about our future as we build an even stronger and safer version of the UBS that was called upon to stabilize the financial system in March..."
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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.