Fabrice Coffrini | AFP | Getty Images
UBS announced plans for a $3 billion buyback Wednesday and posted fourth-quarter profits that beat analysts’ forecasts.
The Swiss banking giant said it aims to buyback at least $3 billion of shares in 2026, adding that it aims to do more.
Net profit attributable to shareholders rose 56% year-on-year to $1.2 billion in the final three months of the year. That was higher than analysts’ estimates of $919 million.
Overall, its group revenues were $12.1 billion for the final quarter of the year, which was in line with the $12.1 billion forecast by analysts. It was also down from $12.8 billion in the previous quarter, and up from $11.6 billion for the same period a year ago.
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