By Adria Calatayud

UBS Group is scheduled to report results for the first quarter on Wednesday. Here is what you need to know.

REVENUE FORECAST: Analysts expect UBS to report revenue of $13.23 billion, according to consensus estimates compiled by the bank. This compares with revenue of $12.56 billion the Swiss bank reported for last year's first quarter.

NET PROFIT FORECAST: UBS is forecast to make a net profit of $2.33 billion, according to the same consensus. For the same period last year, it posted a profit of $1.69 billion.

Shares in UBS lost 17% during the first quarter, but were down 12% since the start of the year through Friday's close.

WHAT TO WATCH

--When Switzerland eased its proposed new capital rules aimed at making UBS safer last week, the bank said it continued to strongly disagree with the proposals and would evaluate all appropriate measures to mitigate their impact. UBS estimated its UBS AG unit would need $22 billion in additional capital to cover all of the changes, but said it would provide additional comments with its first-quarter results at the latest. The revised proposal might help UBS conduct more share buybacks in the short term, but it still places the bank at a competitive disadvantage to global peers over the long run, analysts at Citi wrote in a note to clients.

--UBS last week said it remained committed to its planned 2026 capital returns. In February, the bank said it intended to buy back $3 billion of its own stock in 2026 with an aim to do more subject to further clarity around the future regulatory regime in Switzerland. Analysts at Jefferies analysts said UBS could announce a new buyback in the second quarter, as its first-quarter results should highlight balance-sheet strength.

--The bank's fourth-quarter results showed its closely watched global wealth management unit was hit by net outflows of $14.1 billion in the Americas. Jefferies expects a further $4.6 billion of U.S. net outflows for the first quarter primarily driven by departures of financial advisers. UBS has restructured its U.S. wealth-management business with the aim of better incentivizing advisers and boosting profitability. Executives at the bank have signaled they expect U.S. outflows to continue in the first half but that net new assets in the region would be positive for the full year.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

April 27, 2026 10:21 ET (14:21 GMT)

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