UBS just announced a $3 billion share buyback program, kicking off with $1 billion in the next three months—boosted by a stellar Q2 that smashed earnings forecasts thanks to a roaring trading environment fueled by global tensions and the AI boom. Net income hit $2.8 billion, driven by a 26% surge in investment banking revenue and a surprise $36 billion inflow in wealth management. The bank’s confidence is also reflected in its integration of Credit Suisse, nearing completion, while it braces for geopolitical and energy volatility ahead. Meanwhile, global investment banking hit a record $47 billion in Q2, underscoring a volatile but lucrative market.
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