UBS Group (UBS) reported Q2 earnings Wednesday of $0.87 per diluted share, up from $0.72 a year earlier.

Analysts polled by FactSet expected $0.90.

Total revenue for the quarter ended June 30 was $13.70 billion, compared with $12.11 billion a year earlier.

Analysts expected $13.31 billion.

The company plans to buy back $3 billion shares by the end of Q2 2027, at least $1 billion of which to be repurchased over the next three months, an executive from UBS said during the earnings call according to a transcript from FactSet.

UBS Group stock was up more than 2% premarket Wednesday.