UBS's U.S. Wealth-Management Money Inflows Look Encouraging -- Market Talk

0651 GMT - UBS Group reported strong second-quarter results that feature small net-new-money inflows in the U.S. for its global-wealth-management unit, which look encouraging, RBC Capital Markets' Anke Reingen and Sherry Lin say in a research note. Net new assets in the Swiss banking group's wealth-management division came in at $35.5 billion in the second quarter, slightly below the inflows of $37.4 billion recorded in the previous quarter. Net inflows were mainly driven by Switzerland and the Europe, Middle East and Africa region, but UBS attracted $900 million in net new money in the Americas too, RBC says. "Even if low, the small positive [net new assets] in the Americas is encouraging," the analysts say. (adria.calatayud@wsj.com)

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July 29, 2026 02:51 ET (06:51 GMT)