Global wealth management invested assets fell by $85bn to $4.66tn.

UBS net profit attributable to shareholders surged 80% year-on-year to $3.04bn in the first quarter of 2026, driven by gains across all core segments. 

The Swiss group’s revenues rose 13% to $14.2bn.

Within global wealth management (GWM), net new assets totalled $37.4bn in the quarter, equivalent to a 3.1% annualised growth rate, with inflows reported across all regions.

GWM total revenues climbed by $684m, or 11%, to $7.1bn, reflecting higher recurring net fee income, transaction-based income and net interest income.

Invested assets fell by $85bn from the previous quarter to $4.66tn, while net new assets were $37.4bn.

In Personal & Corporate Banking (P&C), total revenues increased by SFr40m, or 2%, to SFr 2.02bn, mainly due to higher other revenues and transaction-based income, partly offset by lower net interest income.

Asset Management (AM) revenues rose by $31m, or 4%, to $772m, mainly driven by higher net management fees and partly offset by lower performance fees.

Invested assets declined by $34bn sequentially to $2.06tn.

Net new money was $14bn, and $13.8bn excluding money market flows and associates.

Investment Bank (IB) revenues increased by $871m, or 27%, to $4.05bn, mainly due to higher revenues in Global Markets and Global Banking, partly offset by a $70m decrease in PPA effects, and including positive foreign currency effects.