UBS Q1 profits surge 80 percent, crushing expectations. Swiss banking giant reported $3 billion in net profit, beating analyst estimates of $2.8 billion and demonstrating strong resilience across all business divisions. The bank's capital ratio improved to 14.7 percent, signaling solid financial health. UBS plans to accelerate share buybacks, with $900 million repurchased in the quarter and $3 billion targeted before next earnings report. CEO Sergio Ermotti highlighted double-digit profitability growth across businesses, particularly in equity capital markets and alternative assets. Global wealth management added $37 billion in net new assets. However, the bank cautioned that second quarter net interest income will likely remain broadly flat. Stock surged over 5 percent on the earnings beat, reflecting investor confidence in the bank's performance and strategic direction.
