We summarise results for the private banking and wealth management arms of banking groups and, in a few cases, standalone private banks.

Here is a roundup of the major lenders' results for the second three months of 2026, and the first half of the year. The banks mentioned typically have some wealth management and private banking capabilities, although not all specify results.

The results focus on the largest institutions which provide wealth management. Not all banks report on a calendar year schedule, or on the same day, and not all the organisations are alike, so the results from standalone institutions should be viewed differently from wealth management results embedded within a larger group. These results may be subsequently revised. We hope readers find it useful to see these figures collated in one article and can make a few comparisons. (Note that currency conversions made at the time into the dollar for non-US banks have been removed, as exchange rates will have changed.)

Goldman Sachs
Asset and wealth management net revenues rose 20 per cent year-on-year in Q2 this year to $4.60 billion. The increase reflected higher management and other fees, and higher net revenues in investments which were partly offset by lower net revenues in private banking and lending.

The increase in management and other fees primarily reflected the impact of higher average assets under supervision. Goldmans said the fall in private banking and lending net revenues was caused by lower net interest margins related to deposits in its Marcus business channel, partially offset by higher average Marcus and private bank deposit balances.

Morgan Stanley 
The bank's wealth management arm has delivered record net revenues of $8.9 billion, up 4 per cent from the first quarter of 2026, and a rise of 14 per cent at $7.8 billion a year ago. The results reflect strong asset management fees, robust client activity, and higher net interest income. The bank also met its target of $10 trillion in total client assets across wealth and investment management

Net interest income reached $2.254 billion, up 4 per cent from the first quarter of 2026, an increase of 18 per cent from the previous year. Profit before taxes reached $2.697 billion, up 4 per cent from the first quarter of 2026 and a rise of 23 per cent from 2025. There was also a pretax margin of 30 per cent, against 30 per cent in the first quarter of 2026 and 28 per cent in 2025. The business added record net new assets of $148.4 billion, and fee-based assets of $39 billion for the quarter. Over half of the NNA represented inflows related to IPOs of certain clients in the workplace channel.

Citigroup
Within the wealth segment, which includes the private bank, Citigold and Wealth At Work channels, net income rose 51 per cent year-on-year to $583 million in Q2. The private bank logged revenues of $769 million, up 5 per cent. Wealth revenues rose 13 per cent.

The rise in wealth revenues was driven by higher deposit spreads and investment fee revenues, primarily offset by the absence of an approximate $80 million gain on sale of an alternative investments fund platform, which occurred in the second quarter 2025, as well as the loss of fee revenue from the sale of the trust business in the third quarter 2025 and lower mortgage spreads. Clients’ investment assets stood at $727 billion at the end of June.

Bank of America
The global wealth and investment arm of Bank of America said second-quarter 2026 net income rose to $1.413 billion versus $993 million a year earlier and rose from $1.329 billion in the final three months of 2025. Total revenue rose to $6.871 billion from $5.937 billion, noninterest expense rose to $4.976 billion from $4.593 billion and return on average allocated capital was 26 per cent. Client balances stood at $4.934 trillion at end-June, rising from $4.572 billion at the end of 2025. Client inflows were $13.7 billion in the latest quarter, down slightly from a year earlier. 

Within the private banking side, there were $802 billion of client balances and $486 billion of assets under management balances. A total of about 430 net new relationships were added in the quarter among clients holding $3 million or more.

JP Morgan
In asset and wealth management, net income was $2 billion, up 33 per cent on last years levels. Net revenue was $6.9 billion, a rise of 19 per cent, driven by growth in management fees on higher average market levels and strong net inflows, as well as investment valuation gains, higher loan balances and higher brokerage activity. 

Noninterest expense was $4.2 billion, an increase of 13 per cent, largely driven by higher compensation, primarily due to higher revenue-related compensation and continued growth in private banking advisor teams, as well as higher distribution fees. Assets under management were $5.1 trillion, up 18 per cent, and client assets were $7.7 trillion, a rise of 19 per cent, driven by higher market levels and continued net inflows.

Wells Fargo
The wealth and asset management division of Wells Fargo reported second-quarter 2026 net income of $537 million, a 28 per cent year-on-year increase, aided by a 12 per cent rise in total revenue. Noninterest expenses rose 10 per cent. Client assets rose 15 per cent to $2.691 trillion at the end of the quarter.

Northern Trust
Net income rose surged 88 per cent on a year ago in Q2 to $792.2 million. Total revenues, including areas such as trust, investment and other servicing fees, rose 10 per cent to $1.35 billion. Assets under management stood at $1.97 trillion at end-June, rising 10 per cent from the end of March. Total assets under custody and administration rose 8 per cent from the end of March from $18.63 trillion.

BlackRock
The asset management group stood at $15.3 trillion in AuM following $868 billion of net inflows over the last 12 months, reflecting 10 per cent organic base fee growth. In the first half, inflows were $321 billion, including $192 billion Q2. 

BNY
Q2 net income attributable to common shareholders rose 22 per cent to $1.696 billion, with revenues rising 13 per cent to $5.698 billion; noninterest costs rose 7 per cent to $3.439 billion. Assets under custody and administration stood at $62.6 trillion at the end of June, rising 12 per cent. Assets under management were $2.2 trillion, rising 6 per cent. 

UBS
The bank reported that its global wealth management (GWM) total revenues in the second quarter of 2026 rose by 13 per cent year-on-year to $7.112 billion. This was driven by all revenue lines, and included a $39 million fall in purchase price allocation (PPA) effects related to the Credit Suisse integration. Excluding $114 million of PPA effects and other integration items, Zurich-listed UBS said its underlying revenues rose 14 per cent to $6.997 billion.

Operating expenses rose 3 per cent year-on-year to $5.231 billion; this included a $155 million fall in integration-related expenses. The cost/income ratio of the wealth management business was 73.6 per cent at the end of June this year. 

UBS said wealth management invested assets increased sequentially by $274 billion to $4.942 trillion, and it logged net new assets of $35.5 billion in the quarter.

Julius Baer
It reported a net profit on an IFRS basis of SFr673 million, a record, for the first half of this year. That figure rose 128 per cent year-on-year. Adjusted net profit matched the IFRS figure at SFr673 million (EPS: SFr3.27), up 32 per cent on an underlying SFr511 million (EPS: SFr2.49) in H1 2025.

Assets under management rose 5 per cent over the year-to-date, reaching a record SFr547 billion. The bank said the gain was driven by positive market performance and foreign exchange effects, and net new money inflows of SFr5.7 billion.

EFG International
The firm reported net profit of SFr184.6 million for the first half of 2026, up 5 per cent on the same period last year. Assets under management rose 21 per cent year-on-year to SFr196.3 billion at end-June, a total that has since risen above SFr200 billion following completion of the group's acquisition of Quilvest Switzerland on 21 July.

Net new assets totalled SFr5.7 billion in the first half, an annualised growth rate of 6.2 per cent, beating EFG's target range of 4 per cent to 6 per cent. The bank said net new asset inflows were the main driver of the increase in total assets under management compared with end-2025.

LGT
The Liechtenstein-based group reported group profit of SFr281.6 million for the first half of 2026, up 17 per cent on a year earlier. The result was supported by higher revenue and moderate cost growth. Assets under management reached SFr412.6 billion as at 30 June, a record, having risen 7 per cent over the period. The increase was driven by net new asset inflows of SFr12.3 billion, an annualised growth rate of 6.4 per cent, alongside market performance and currency effects. 

Vontobel
Vontobel reported net profit of SFr216 million for the first half of 2026, up 87 per cent on the same period last year, as revenues rose 24 per cent to SFr852 million. The firm's cost-income ratio improved to 67.9 per cent from 77.9 per cent, below its through-the-cycle target of 72 per cent. Return on equity rose to 16.9 per cent from 10.2 per cent. The Common Equity Tier 1 ratio rose to 23.2 per cent.

Assets under management stood at SFr252.2 billion as of 30 June 2026. Net new money rose to SFr2.5 billion from SFr2.0 billion a year earlier. The figure included outflows of SFr1.3 billion linked to the previously disclosed insourcing of the Futura fund mandate by Raiffeisen. It also included SFr2.5 billion of outflows from Quality Growth strategies, which the firm attributed to continued market demand for AI-driven mega-cap stocks. Excluding those factors, net new money would have been SFr6.3 billion. The private clients business attracted net new money of SFr2.5 billion, a growth rate of 4.1 per cent, with inflows across all regions. 

Deutsche Bank
The private banking arm reported an unchanged second-quarter pre-tax profit of €605 million versus the same period of 2025, while total assets under management rose 13 per cent year-on-year to €732 billion. The lender logged €9 billion of net flows, rising strongly by 39 per cent. Total client assets reached €846 billion, a rise of €25 billion in the quarter, helped by €8 billion in investment flows.

Societe Generale
The bank said its private banking business reported net banking income of €363 million for the second quarter of 2026, rising 18 per cent year-on-year. In the first six months of this year, the figure was €699 million. The business area reported €2.4 billion of net inflows in Q2 2026, with annualised inflows for the quarter accounting for 7 per cent of total assets under management. AuM rose 10 per cent year-on-year to a record €145 billion at the end of June.

BNP Paribas 
Pre-tax income at wealth management rose "sharply," as a result of continuous transactional activity, higher recurring fees, and solid deposit revenues, reflecting high client engagement in a volatile market environment. 

The wealth business sits within the "investment and protection services" (IPS) division. Assets under management stood at €2.59 trillion, a 6 per cent rise from the end of 2025 and a surge of 85.2 per cent from end-June 2025, boosted by the impact of consolidating AXA IM following the acquisition. The rise in AuM since the end of last year was driven by €36.3 billion of net inflows, rising markets and a positive foreign exchange effect (contributing +€18.9 billion). Wealth management accounted for 21 per cent of the AuM total, or €543.4 billion.

ABN AMRO 
The wealth management arm logged €2.3 billion of core net new assets in the second three months of 2026, showing that it was gaining business in segments such as entrepreneurs and business owners. In June, the bank completed the merger with Hauck Aufhäuser Lampe (HAL) and is shifting to integrating IT systems and achieving synergies from the deal.

Commerzbank
Commerzbank, which is getting closer to being taken over by Italy’s UniCredit, posted a net profit of €898 million in the second quarter of this year, almost doubling (94.2 per cent) from a year earlier, and beating analysts’ consensus forecasts. It announced that it planned a €1.2 billion share buyback and that its Common Equity Tier 1 capital buffer remained “strong” at 14.4 per cent. Assets under management in Commerzbank’s discretionary portfolio management product increased by 20 per cent from a year earlier to around €25 billion.

Mediobanca
Mediobanca, in the process of being taken over, said its wealth management arm’s net profit sustained a 33 per cent year-on-year drop in net profit to €81 million for the first half of 2026, affected by a higher tax rate and €18 million in one-off charges. Revenues fell 5 per cent to €447 million in H1 2026. Management fees rose by 10 per cent while upfront/performance fees and net interest income declined. Net new money dipped €1.4 billion, with a decline of €300 million in the second quarter, showing that most of the decline happened in the first three months of 2026. Italy’s Banca Monte dei Paschi di Siena (BMPS) has taken full control of Mediobanca and is de-listing it while preserving its brand.

HSBC
From 1 January, HSBC said it excludes asset management third-party distribution assets when defining its “wealth balances.” On this new basis, wealth balances across all its business segments were $1.6 trillion, stable compared with 31 December 2025. Within this figure, HSBC said it has attracted $64 billion in net new money, of which the lion’s share at $57 billion was booked in Asia.

Lloyds Banking Group 
The lender announced a 23 per cent rise in statutory profit after tax for the six months to the end of June this year, reaching £3.123 billion. Underlying profit rose 18 per cent to £4.125 billion.

The statutory pre-tax profit rose 23 per cent to £4.293 billion, ahead of analysts’ forecasts. Total costs were flat at £4.915 billion; net income for the first half of the year was £9.747 billion, the lender said. Restructuring costs rose to £34 million from £9 million. 

The bank noted in its costs data that inflationary pressures and the full acquisition of Schroders Personal Wealth (now Lloyds Wealth) in the fourth quarter of 2025 was offset by continued cost savings, a lower severance expense and plateauing investment as its strategic cycle culminated.

NatWest Group 
The private banking and wealth management arm of NatWest Group,  a business now including Evelyn Partners as well as Coutts, logged £212 million in operating profit for the six months to 30 June this year, against £179 million a year before. Assets under management and administration surged, boosted by the Evelyn Partners acquisition.

Barclays 
The private bank and wealth management division reported profit, attributable to shareholders, of £148 million in the half year to 30 June, a 20 per cent fall, while second-quarter 2026 profit dipped 15 per cent year-on-year to £75 million.

Total income rose 2 per cent year-on-year in the half-year period to £713 million, the UK-listed bank said in a statement; total operating expenses rose 11 per cent to £524 million in H1 from a year earlier. Credit impairments stood at £3 million, reversing a net gain of £11 million in the previous year.

Net new assets under management were £1.8 billion in H1 2026, easing a touch from the same half-year period in 2025. Total assets under management stood at £55.8 billion at the end of June this year, rising from £52.9 billion at the end of December. Assets under supervision were £86.7 billion, down from £87.7 billion at end-2025.

Standard Chartered
The lender reported that income in its wealth solutions business, part of the wealth and retail banking division, rose 38 per cent in the six months to end-June from a year before. The gain was due to strong client engagement, net new money growth and continued momentum in client acquisition.

The bank’s investment products rose 46 per cent and bancassurance business grew by 15 per cent, while affluent net new money reached a record $33 billion, driven by higher wealth sales and strong new-to-bank affluent client onboarding.

Wealth and retail banking delivered a half-year 2026 pre-tax profit of $1.989 billion, rising 63 per cent year-on-year and up 61 per cent on a constant currency basis. In the second quarter of this year, the pre-tax profit was $572 million, up 76 per cent on a year ago and up 74 per cent in constant currency terms. Expenses were 1 per cent lower on a headline basis; investment in affluent business growth initiatives and digital capabilities was partly paid for by efficiency savings. 

UOB
Wealth management income for the first half rose 16 per cent from a year earlier, supported by growth in assets under management and higher conversion of client deposits into invested assets. Growth was strongest in the bank's ASEAN-4 markets of Malaysia, Indonesia, Thailand and Vietnam. Wealth management income rose by 30 per cent on a year earlier, led by Malaysia and Thailand. High net worth assets under management reached S$204 billion, a gain of 7 per cent from a year ago, on continued net new money inflows.

OCBC
It reported record net profit of S$4.19 billion for the first half of 2026, up 13 per cent year-on-year, as growth in fees, trading and insurance income offset the drag from softer interest rates. Total income rose 11 per cent to S$8.00 billion, with noninterest income climbing 36 per cent to hit record highs across fees, trading and insurance, more than compensating for a decline in net interest income. The cost-to-income ratio improved at 38.5 per cent.

Wealth management income rose 27 per cent to a record S$3.29 billion, now accounting for 41 per cent of group income, up from 36 per cent a year earlier. Banking wealth management AuM grew 13 per cent to a record S$350 billion, supported by net new money inflows across all client segments: private banking, premier private client, premier banking, insurance, asset management and stockbroking. Wealth management fees rose 39 per cent, driven by higher client activity across wealth product channels.

Emirates NBD
The Dubai-based banking group reported a record AED16.2 billion in profit before tax for the first half of 2026, up five per cent year on year. The group attributed the increase to higher net interest income and a sharp rise in non-funded income.

Net interest income rose 13 per cent over the period, while non-funded income increased 25 per cent, reflecting higher customer transaction and fee activity across the group's businesses. The balance sheet surpassed AED1.3 trillion for the first time. Gross loans rose 17 per cent to AED771 billion, driven by lending growth in the UAE and the consolidation of RBL Bank, an Indian private sector lender in which Emirates NBD has been building a stake. Deposits increased 13 per cent to AED892 billion.

Mashreq
It reported record profit before tax of AED4.8 billion for the first half of 2026, up 18 per cent year on year. Operating income rose 10 per cent to AED6.8 billion over the period.

Net interest income increased seven per cent to AED4.2 billion, supported by 26 per cent growth in loans and advances and a CASA ratio of 63 per cent that kept funding costs low. Net interest margin strengthened five basis points to 2.78 per cent in the second quarter, from 2.73 per cent in the first quarter.

Non-interest income advanced 17 per cent to AED2.6 billion, taking its share of total operating income to 38 per cent. Fee and commission income rose 11 per cent to AED716 million, which Mashreq attributed to stronger transaction banking, trade finance and syndication activity. 

Operating costs totalled AED2.1 billion, with the bank pointing to investment in generative AI initiatives and digital onboarding infrastructure. The cost to income ratio was held at 31 per cent.

The Capital Adequacy Ratio strengthened to 16.9 per cent.

First Abu Dhabi Bank
The bank posted AED13.2 billion in pre-tax profit in H1, up three per cent.