Cost Controls Power UBS to 74% Profit Surge in Volatile Quarter

UBS delivered a 74% year-on-year profit jump to $2.5 billion in Q3, outpacing estimates despite global market turbulence. Executives credited synergy benefits from the Credit Suisse merger and rigorous expense management across its wealth and investment divisions. Robust net new money inflows and digitalization progress strengthened capital ratios. Analysts applauded UBS’s ability to maintain profitability amid weak investment banking activity. Management reiterated a focus on sustainable cost efficiencies and cross-division collaboration to reinforce its dominant position in European wealth management.