Swiss bank UBS, the world's largest wealth manager, announced a net profit of $1.2 billion in the fourth quarter, a 56% increase year-over-year, beating analyst estimates of $919 million. The bank also unveiled a new share buyback program, planning to repurchase $3 billion worth of shares in 2026, the same amount as last year. UBS stated that the volume of additional share buybacks is subject to further clarification on the future regulatory framework for banking services in Switzerland.
