UBS CEO says third-quarter performance improved year-on-year but growth rate lags behind last year

UBS Group CEO Sergio Ermotti stated that the bank's third-quarter performance will improve year-on-year, but the growth rate will be slower than the same period in 2025. Speaking at the Bank of America financial industry conference on Tuesday, Ermotti said: "We are seeing good momentum in wealth management, and trading momentum is also solid." "Although we expect year-on-year growth in performance, it is unlikely to reach last year's level, as seasonal factors remain." UBS will release its Q3 financial report on October 28.