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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.