# UBS (US) vs peers: AI and technology compared

Source: https://www.bankingnewsai.com/banks/ubs-usa/vs-peers
Last updated: Oct 19, 2026

*Part of the [UBS (US) AI strategy profile](https://www.bankingnewsai.com/banks/ubs-usa). Peer group: Morgan Stanley, Bank of America, Wells Fargo, JPMorgan Chase, Raymond James Financial, The Charles Schwab Corporation, Goldman Sachs, HSBC USA, Deutsche Bank (U.S.).*

## How does UBS (US) compare with its peers on AI and technology?

On this site's AI disclosure index UBS US scores 75.3 (#31 of 120 US banks), ninth in a ten-firm group of US wealth and investment-banking rivals named in its own 20-F, ahead only of Morgan Stanley (69.7) and behind Bank of America (97.3), JPMorgan Chase (89), Wells Fargo (88.8), Raymond James (84.5), HSBC USA (81.9), Schwab (80.7), Goldman Sachs (79.9) and Deutsche Bank USA (77.4). The index measures disclosure, and UBS's US story is mostly the group's. UBS counted 560 live AI use cases in July 2026, up 92% in a year, with about 18,000 developers using AI and more than a quarter of AI code suggestions going straight into production; it named its first chief AI officer, Daniele Magazzeni, from January 1, 2026. For US advisors the concrete tools are STAAT, which sent more than 20 million insights in 2025, and Copilot, used by more than 85% of US advisors; nearly 90% of advisor teams use its flagship AI platform (April 2026). Rivals report more: Morgan Stanley says 98% of its advisor teams use its AI Assistant, Raymond James counts 6,500 users of its Rai assistant after an enterprise rollout and spends more than $1.1 billion a year on technology, and Bank of America says about 140 AI applications cost $400 million and generate $800 million of benefit. UBS's US own-disclosure score is ninth of ten, and its US wealth business lost a net 182 advisors in the first half of 2026, by Diamond Consultants' count. ([UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html), [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/raymond-james-rjf-q2-2026-234354155.html), [Banking Dive](https://www.bankingdive.com/news/bank-of-america-ai-spending-roi-headcount-moynihan/831159), [WealthManagement.com](https://wealthmanagement.com/wirehouse-news/wirehouses-lost-517-advisors-in-first-half-of-2026))

## Where does UBS lead its peers on AI?

- **A faster-growing AI use-case count than Bank of America's.** UBS reported 560 live AI use cases at group level in July 2026, up 92% year on year, with 920-plus more in development. Bank of America, the index leader, reports more than 300 approved AI use cases and 114 live generative-AI use cases (June 2026); the counts are defined differently but UBS's is growing fastest on the record. ([UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules), [American Banker](https://www.americanbanker.com/news/bank-of-americas-moynihan-touts-good-economics-of-ai), [Bank of America (SEC filings)](https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac06302026ex992.htm))
- **Ahead of Morgan Stanley on the disclosure index.** UBS US scores 75.3 against Morgan Stanley's 69.7, with 10 of 14 described use cases in production against Morgan Stanley's 9 of 14. UBS's record includes STAAT's 20 million-plus insights to US advisors in 2025 and advisor agents that send thousands of daily alerts and, after an advisor decides, can trade and complete transfers. ([UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [Reuters via Investing.com](https://www.investing.com/news/stock-market-news/wall-street-banks-ramp-up-digital-assistants-in-bid-towin-productivity-race-4787686))
- **Measured advisor time savings.** UBS's US wealth head estimates its AI meeting-preparation tools save advisors about 10,000 hours a month, with about 80% of US advisors using STAAT insights and over 85% using Copilot (December 2025). Raymond James reports 99.5% satisfaction among 6,500 Rai users but no hours-saved figure. ([Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html))
- **A dedicated chief AI officer and one platform with model routing.** UBS appointed Daniele Magazzeni, formerly JPMorgan's analytics chief, as its first chief AI officer from January 2026, and is consolidating tools onto UBS Claves with automated routing across models under an AI Operating & Risk Committee. Raymond James also has a chief AI officer, who reports about 3.2 million lines of AI-generated code a month. ([UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [FinTech Futures](https://fintechfutures.com/job-cuts-new-hires/ubs-hires-jp-morgan-analytics-chief-daniele-magazzeni-to-lead-ai-strategy), [UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [InvestmentNews](https://investmentnews.com/independent-broker-dealers/raymond-james-unveils-proprietary-ai-operations-agent/265028))

## Where does UBS trail its peers on AI?

- **The fewest own disclosures in the group.** UBS US places 9th of 10 on its own primary disclosures (9 against a median of 20); most UBS AI detail is group-level, in its 20-F, results releases and executive interviews. HSBC USA scores 27 and Bank of America 23. ([UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules))
- **No disclosed US technology budget, while Raymond James and Wells Fargo publish theirs.** UBS does not disclose US technology or AI spending. Raymond James spends more than $1.1 billion a year on technology (April 2026); Wells Fargo has invested more than $1 billion in its wealth platform, whose Advisor Gateway has more than 200 tools; Bank of America budgets $13.5 billion a year for technology. ([Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/raymond-james-rjf-q2-2026-234354155.html), [InvestmentNews](https://investmentnews.com/wirehouses/wirehouse-watch-wells-fargo-debuts-ai-powered-advisor-platform/266496), [Bank of America (PR Newswire)](https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html))
- **No client-facing AI assistant in the US.** UBS's US AI is aimed at advisors. Bank of America reports 24 million-plus active Erica users, and Robinhood says its Cortex Digests had been used by nearly 1 million customers by April 2026; UBS's 20-F speaks of chatbots and intelligent search in its platforms but gives no US client figure. ([The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/bank-america-bac-q2-2026-194711248.html), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1783879/000178387926000061/q12026robinhoodexhibit991.htm), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm))
- **Advisor attrition while rivals add.** Diamond Consultants counted a net loss of 182 UBS advisors in the first half of 2026, while Wells Fargo and Morgan Stanley gained 46 and 23; Diamond attributed UBS's losses partly to culture, ease of doing business and an outdated platform. UBS had 5,772 advisors in the Americas at the end of 2025, down 3.3%. ([WealthManagement.com](https://wealthmanagement.com/wirehouse-news/wirehouses-lost-517-advisors-in-first-half-of-2026), [Financial Planning](https://financial-planning.com/news/ubs-promotes-from-within-to-name-new-advisor-head))

## Where does UBS rank against its peers on AI disclosure?

Scores from the US AI disclosure index of 120 banks (0–100; 45% of the weight on independent coverage). The index measures what each bank has put on the public record and what outside outlets have reported about its AI, not capability or spending; every count is of entries on that bank's profile, each of which cites its sources.

| Bank | Score | Rank | Independent sources | Own disclosures | Use cases in production | Moves, last 12 months | Named AI platform |
| --- | --- | --- | --- | --- | --- | --- | --- |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | [97.3](https://www.bankingnewsai.com/banks/ai-index) | #1 of 120 | [37](https://www.bankingnewsai.com/banks/bank-of-america#sources) | [24](https://www.bankingnewsai.com/banks/bank-of-america#sources) | [16 of 18](https://www.bankingnewsai.com/banks/bank-of-america#where) | [34](https://www.bankingnewsai.com/banks/bank-of-america#timeline) | Erica (and EricaAssist) ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html), [American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | [89](https://www.bankingnewsai.com/banks/ai-index) | #6 of 120 | [43](https://www.bankingnewsai.com/banks/jpmorgan-chase#sources) | [20](https://www.bankingnewsai.com/banks/jpmorgan-chase#sources) | [8 of 15](https://www.bankingnewsai.com/banks/jpmorgan-chase#where) | [32](https://www.bankingnewsai.com/banks/jpmorgan-chase#timeline) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) |
| [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | [88.8](https://www.bankingnewsai.com/banks/ai-index) | #7 of 120 | [32](https://www.bankingnewsai.com/banks/wells-fargo#sources) | [15](https://www.bankingnewsai.com/banks/wells-fargo#sources) | [13 of 16](https://www.bankingnewsai.com/banks/wells-fargo#where) | [33](https://www.bankingnewsai.com/banks/wells-fargo#timeline) | Fargo and the Google Cloud agent stack ([Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf), [VentureBeat](https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones), [American Banker](https://www.americanbanker.com/news/wells-fargo-plans-to-unleash-googles-agentic-ai-bank-wide)) |
| [Raymond James Financial](https://www.bankingnewsai.com/banks/raymond-james) | [84.5](https://www.bankingnewsai.com/banks/ai-index) | #12 of 120 | [19](https://www.bankingnewsai.com/banks/raymond-james#sources) | [23](https://www.bankingnewsai.com/banks/raymond-james#sources) | [14 of 16](https://www.bankingnewsai.com/banks/raymond-james#where) | [21](https://www.bankingnewsai.com/banks/raymond-james#timeline) | Rai, AI Search and the advisor desktop ([Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence), [GlobeNewswire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2), [Raymond James](https://raymondjames.com/athens-branch/about-us/press-releases/2025/05/15/raymond-james-expands-service-focused-technology-investment-with-zoom-ai-companion)) |
| [HSBC USA](https://www.bankingnewsai.com/banks/hsbc-usa) | [81.9](https://www.bankingnewsai.com/banks/ai-index) | #17 of 120 | [18](https://www.bankingnewsai.com/banks/hsbc-usa#sources) | [27](https://www.bankingnewsai.com/banks/hsbc-usa#sources) | [7 of 16](https://www.bankingnewsai.com/banks/hsbc-usa#where) | [31](https://www.bankingnewsai.com/banks/hsbc-usa#timeline) | The group AI programme: Google Cloud, Mistral and a central model platform ([Banking Dive](https://bankingdive.com/news/hsbc-david-rice-ai-chief-cto-mario-shamtani-expanded-role-elhedery/815655), [Banking Dive](https://bankingdive.com/news/hsbc-generative-ai-leading-investment-elhedery/813353), [Bloomberg](https://bloomberg.com/news/articles/2026-06-17/hsbc-google-ai-partnership-set-to-add-over-100-million-gains), [Financial Times](https://ft.com/content/7b8e4ea8-ae17-4ada-9117-9f859589ce1d)) |
| [The Charles Schwab Corporation](https://www.bankingnewsai.com/banks/charles-schwab) | [80.7](https://www.bankingnewsai.com/banks/ai-index) | #19 of 120 | [18](https://www.bankingnewsai.com/banks/charles-schwab#sources) | [14](https://www.bankingnewsai.com/banks/charles-schwab#sources) | [15 of 19](https://www.bankingnewsai.com/banks/charles-schwab#where) | [24](https://www.bankingnewsai.com/banks/charles-schwab#timeline) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | [79.9](https://www.bankingnewsai.com/banks/ai-index) | #22 of 120 | [39](https://www.bankingnewsai.com/banks/goldman-sachs#sources) | [15](https://www.bankingnewsai.com/banks/goldman-sachs#sources) | [7 of 13](https://www.bankingnewsai.com/banks/goldman-sachs#where) | [28](https://www.bankingnewsai.com/banks/goldman-sachs#timeline) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) |
| [Deutsche Bank (U.S.)](https://www.bankingnewsai.com/banks/deutsche-bank-us) | [77.4](https://www.bankingnewsai.com/banks/ai-index) | #24 of 120 | [19](https://www.bankingnewsai.com/banks/deutsche-bank-us#sources) | [21](https://www.bankingnewsai.com/banks/deutsche-bank-us#sources) | [9 of 14](https://www.bankingnewsai.com/banks/deutsche-bank-us#where) | [17](https://www.bankingnewsai.com/banks/deutsche-bank-us#timeline) | Group AI programme (2025–2028 targets) and the Corporate Bank credit process ([Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf), [Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Q&A-Transcript.pdf), [Deutsche Bank](https://investor-relations.db.com/files/documents/quarterly-results/2026/Q1-2026-Analyst-Call-Transcript-For-Upload.pdf), [Deutsche Bank](https://hauptversammlung.db.com/files/documents/2026/AGM-2026-Speech-Sewing.pdf), [Deutsche Bank Corporate Bank](https://corporates.db.com/more/latest-news/deutsche-bank-supports-data-centre-development-in-virginia)) |
| [UBS (US) (this page)](https://www.bankingnewsai.com/banks/ubs-usa) | [75.3](https://www.bankingnewsai.com/banks/ai-index) | #31 of 120 | [21](https://www.bankingnewsai.com/banks/ubs-usa#sources) | [9](https://www.bankingnewsai.com/banks/ubs-usa#sources) | [10 of 14](https://www.bankingnewsai.com/banks/ubs-usa#where) | [22](https://www.bankingnewsai.com/banks/ubs-usa#timeline) | UBS Claves, the Chief AI Office and the 'Big Rocks' ([UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html)) |
| [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | [69.7](https://www.bankingnewsai.com/banks/ai-index) | #34 of 120 | [21](https://www.bankingnewsai.com/banks/morgan-stanley#sources) | [9](https://www.bankingnewsai.com/banks/morgan-stanley#sources) | [9 of 14](https://www.bankingnewsai.com/banks/morgan-stanley#where) | [19](https://www.bankingnewsai.com/banks/morgan-stanley#timeline) | AI @ Morgan Stanley (Assistant, Debrief) and AskResearchGPT ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards)) |

## On which parts of the AI record is UBS ahead of or behind its peers?

Each row is one input of the index, counted on the profiles of UBS and the 9 peers that are scored on the same basis. "Place" is UBS's position in the group of 10 (1st = most).

| Component (weight) | UBS | Peer median | Most in the group | Place |
| --- | --- | --- | --- | --- |
| Independent sources (45%) | 21 | 21 | [JPMorgan (43)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | 5th of 10 |
| Use cases in production (10%) | 10 | 9 | [BofA (16)](https://www.bankingnewsai.com/banks/bank-of-america) | 5th of 10 |
| Own primary disclosures (10%) | 9 | 20 | [HSBC (27)](https://www.bankingnewsai.com/banks/hsbc-usa) | 9th of 10 |
| Dated moves, last 12 months (10%) | 22 | 28 | [BofA (34)](https://www.bankingnewsai.com/banks/bank-of-america) | 7th of 10 |
| Disclosed numbers (5%) | 15 | 18 | [BofA (28)](https://www.bankingnewsai.com/banks/bank-of-america) | 8th of 10 |
| Named AI leaders (5%) | 15 | 16 | [JPMorgan (19)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | 6th of 10 |
| Use cases described (5%) | 14 | 16 | [Schwab (19)](https://www.bankingnewsai.com/banks/charles-schwab) | 7th of 10 |

## What has each bank in UBS's peer group disclosed about its AI?

Facts from each bank's profile, cited to the profile's own sources. "Not disclosed" means the bank's public record, as cited on its profile, does not state it.

| Bank | Platform or assistant, as the profile names it | AI leaders named | Headline AI number disclosed | Patents on the record | Open AI roles |
| --- | --- | --- | --- | --- | --- |
| [UBS (US)](https://www.bankingnewsai.com/banks/ubs-usa) | UBS Claves, the Chief AI Office and the 'Big Rocks' ([UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html)) | [15, incl. Sergio Ermotti (Group Chief Executive Officer)](https://www.bankingnewsai.com/banks/ubs-usa#people) ([Banking Dive](https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572)) | Live AI use cases (group): 300+ (Oct 16, 2025) ([UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html)) | 2 patents listed on the profile, e.g. US 11,429,879 B2 (Identifying dynamic thematic relationships over time with machine-learning models) ([Google Patents (USPTO)](https://patents.google.com/patent/US11429879B2/en)) | [2 open AI roles (Sep 24, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/ubs-usa#roles) |
| [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | AI @ Morgan Stanley (Assistant, Debrief) and AskResearchGPT ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards)) | [13, incl. Michael Pizzi (Head of Technology)](https://www.bankingnewsai.com/banks/morgan-stanley#people) ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking)) | Employees with gen-AI access: ≈ 98% of 80,000 (Jun 1, 2026) ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking)) | 3 patents listed on the profile, e.g. US 2026/0051336 A1 (Enhancing audio and video media using generative AI) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260051336A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/morgan-stanley#roles) |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Erica (and EricaAssist) ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html), [American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) | [17, incl. Hari Gopalkrishnan (Chief Technology and Information Officer)](https://www.bankingnewsai.com/banks/bank-of-america#people) ([The Wall Street Journal](https://www.wsj.com/articles/the-man-behind-bank-of-americas-13-billion-tech-agenda-3d770a2d), [American Banker](https://www.americanbanker.com/news/bofas-cto-is-12-on-the-most-innovative-people-in-finance-ranking)) | Erica interactions per day: 2 million (Jan 22, 2026) ([American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) | 8 patents listed on the profile, e.g. US 12,705,363 B2 (Vulnerability detection and mitigation using artificial intelligence in an electronic environment: Generates a vulnerability attribute for a network device from source data using AI.) ([Google Patents (USPTO)](https://patents.google.com/patent/US12705363B2/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/bank-of-america#roles) |
| [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Fargo and the Google Cloud agent stack ([Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf), [VentureBeat](https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones), [American Banker](https://www.americanbanker.com/news/wells-fargo-plans-to-unleash-googles-agentic-ai-bank-wide)) | [16, incl. Saul Van Beurden (Head of AI)](https://www.bankingnewsai.com/banks/wells-fargo#people) ([Wells Fargo via FT Markets](https://markets.ft.com/data/announce/detail?dockey=600-202511201615BIZWIRE_USPRX____20251120_BW971693-1), [Bloomberg](https://www.bloomberg.com/news/articles/2026-01-26/wells-fargo-taps-amazon-web-services-executive-to-expand-ai-use)) | Fargo interactions, 2024: 245 million (2024); 336 million since launch at the time (Apr 8, 2025) ([VentureBeat](https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm)) | 6 patents listed on the profile, e.g. US 2026/0087043 A1 (Model-based personal advisor) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260087043A1/en)) | [12+ open AI roles (Sep 24, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/wells-fargo#roles) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) | [19, incl. Lori Beer (Global Chief Information Officer)](https://www.bankingnewsai.com/banks/jpmorgan-chase#people) ([American Banker](https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking)) | Technology employees: 65,000+ (Oct 1, 2026) ([American Banker](https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-5-lori-beer-jpmorganchase)) | 6 patents listed on the profile, e.g. US 2026/0010713 A1 (Generative ML framework producing predictive results on financial transactions) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260010713A1/en)) | [12+ open AI roles (Oct 1, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/jpmorgan-chase#roles) |
| [Raymond James Financial](https://www.bankingnewsai.com/banks/raymond-james) | Rai, AI Search and the advisor desktop ([Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence), [GlobeNewswire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2), [Raymond James](https://raymondjames.com/athens-branch/about-us/press-releases/2025/05/15/raymond-james-expands-service-focused-technology-investment-with-zoom-ai-companion)) | [13, incl. Paul Shoukry (Chief Executive Officer)](https://www.bankingnewsai.com/banks/raymond-james#people) ([GlobeNewswire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2), [Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence)) | Share move on AI-disruption fears: −8.8% (10 Feb 2026) (Feb 10, 2026) ([Bloomberg](https://bloomberg.com/news/articles/2026-02-10/wealth-manager-stocks-sink-as-new-ai-tool-sparks-disruption-fear)) | 4 patents listed on the profile, e.g. US 2025/0378492 A1 (Smart contracts for multiple oracle networks) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250378492A1/en)) | [2 open AI roles (Oct 1, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/raymond-james#roles) |
| [The Charles Schwab Corporation](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) | [14, incl. Rick Wurster (President and CEO)](https://www.bankingnewsai.com/banks/charles-schwab#people) ([Bloomberg](https://bloomberg.com/news/articles/2026-05-13/schwab-plans-to-use-ai-to-reach-serve-less-affluent-customers), [Bloomberg](https://bloomberg.com/news/articles/2026-02-11/charles-schwab-ceo-says-ai-is-poised-to-boost-wealth-managers)) | Retail clients wanting AI paired with human expertise: ≈ 70% (of ≈ 1,000 surveyed) (May 5, 2026) ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx)) | 4 patents listed on the profile, e.g. US 2025/0077917 A1 (Iterative generation and plotting of machine-learning outcomes) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250077917A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/charles-schwab#roles) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | [16, incl. Marco Argenti (Chief Information Officer)](https://www.bankingnewsai.com/banks/goldman-sachs#people) ([CNBC](https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | Employees with GS AI Assistant: 46,000 (all) (Jul 25, 2025) ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month)) | 5 patents listed on the profile, e.g. US 2026/0072655 A1 (Context injection for AI coding assistants) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260072655A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/goldman-sachs#roles) |
| [HSBC USA](https://www.bankingnewsai.com/banks/hsbc-usa) | The group AI programme: Google Cloud, Mistral and a central model platform ([Banking Dive](https://bankingdive.com/news/hsbc-david-rice-ai-chief-cto-mario-shamtani-expanded-role-elhedery/815655), [Banking Dive](https://bankingdive.com/news/hsbc-generative-ai-leading-investment-elhedery/813353), [Bloomberg](https://bloomberg.com/news/articles/2026-06-17/hsbc-google-ai-partnership-set-to-add-over-100-million-gains), [Financial Times](https://ft.com/content/7b8e4ea8-ae17-4ada-9117-9f859589ce1d)) | [16, incl. Jason Henderson (Chief Executive Officer, HSBC USA)](https://www.bankingnewsai.com/banks/hsbc-usa#people) ([Banking Dive](https://www.bankingdive.com/news/hsbc-jason-henderson-us-ceo-interim-roberts-mcgeough-nelson/807433/)) | Employees with gen-AI tools: 85% (Feb 25, 2026) ([Banking Dive](https://bankingdive.com/news/hsbc-generative-ai-leading-investment-elhedery/813353)) | 3 patents listed on the profile, e.g. US 2025/0348706 A1 (Sheaf neural networks for monitoring network effect propagation) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250348706A1/en)) | Not surveyed |
| [Deutsche Bank (U.S.)](https://www.bankingnewsai.com/banks/deutsche-bank-us) | Group AI programme (2025–2028 targets) and the Corporate Bank credit process ([Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf), [Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Q&A-Transcript.pdf), [Deutsche Bank](https://investor-relations.db.com/files/documents/quarterly-results/2026/Q1-2026-Analyst-Call-Transcript-For-Upload.pdf), [Deutsche Bank](https://hauptversammlung.db.com/files/documents/2026/AGM-2026-Speech-Sewing.pdf), [Deutsche Bank Corporate Bank](https://corporates.db.com/more/latest-news/deutsche-bank-supports-data-centre-development-in-virginia)) | [15, incl. Christian Sewing (Chief Executive Officer, Deutsche Bank AG)](https://www.bankingnewsai.com/banks/deutsche-bank-us#people) ([Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Q&A-Transcript.pdf), [Deutsche Bank](https://hauptversammlung.db.com/files/documents/2026/AGM-2026-Speech-Sewing.pdf)) | Inbound inquiries assisted by conversational AI: > 80% (target) (Nov 17, 2025) ([Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf)) | None found (the profile's patent search) ([Deutsche Bank](https://db.com/what-we-do/focus-topics/tech/index)) | [2 open AI roles (Oct 1, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/deutsche-bank-us#roles) |

## What are the latest dated moves on the AI record of UBS and its peers?

The two newest dated entries of each bank since Oct 16, 2025, from the timelines of the profiles (which also log filings, results and deals that bear on the AI record), newest first.

| Date | Bank | Move |
| --- | --- | --- |
| Oct 13, 2026 | [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank-us) | Farsight announces on-premise deployment in Europe and North America ([Farsight (GlobeNewswire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/deutsche-bank-deploys-farsight-premise-130000245.html)) |
| Oct 13, 2026 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk ([Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164), [American Banker](https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai)) |
| Oct 13, 2026 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million ([CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870), [American Banker](https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents)) |
| Oct 13, 2026 | [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Q3 2026 call: AI agents in code, marketing, cyber, underwriting ([PYMNTS](https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets), [Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf)) |
| Oct 13, 2026 | [BofA](https://www.bankingnewsai.com/banks/bank-of-america) | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties ([U.S. Department of the Treasury](https://home.treasury.gov/news/press-releases/sb0657), [Office of the Comptroller of the Currency](https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html), [Banking Dive](https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915)) |
| Oct 9, 2026 | [HSBC](https://www.bankingnewsai.com/banks/hsbc-usa) | Ant Digital test: AI agents pay with HSBC tokenised deposits ([Ant Digital Technologies (PR Newswire via Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/ant-digital-technologies-hsbc-announce-063000243.html)) |
| Oct 8, 2026 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | Sneader: new joiners 'are managing agents' ([Bloomberg](https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says)) |
| Oct 8, 2026 | [Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | How Charley was built: employee testing, confirmation before any change ([Traders Magazine](https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/)) |
| Oct 7, 2026 | [HSBC](https://www.bankingnewsai.com/banks/hsbc-usa) | US entrepreneur survey: 63% expect AI to raise headcount ([HSBC (Business Wire via Morningstar)](https://morningstar.com/news/business-wire/20261007888465/us-entrepreneurs-turn-to-ai-to-drive-growth-and-hiring-hsbc-study-finds)) |
| Oct 6, 2026 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Evident AI Index: first for the fourth consecutive year ([American Banker](https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens)) |
| Oct 6, 2026 | [BofA](https://www.bankingnewsai.com/banks/bank-of-america) | Evident AI Index: seventh, up from tenth ([American Banker](https://americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens)) |
| Oct 1, 2026 | [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Engle: $10 billion technology budget, nearly 200,000 staff with AI tools ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo)) |
| Sep 30, 2026 | [Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, a gen-AI assistant for retail clients, unveiled ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab (Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/meet-charley-schwab-ai-powered-130000718.html)) |
| Sep 23, 2026 | [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank-us) | Agentic Source of Wealth KYC tool live in Singapore and Hong Kong ([Finextra](https://finextra.com/newsarticle/48452/deutsche-bank-estimates-30-uplift-in-client-onboarding-by-deploying-kyc-ai)) |
| Sep 22, 2026 | [Raymond James](https://www.bankingnewsai.com/banks/raymond-james) | Meta's Muse reignites the AI selloff ([CNBC](https://www.cnbc.com/2026/09/23/metas-muse-ai-causes-schwab-selloff.html)) |
| Sep 22, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs-usa) | Ermotti at the Bank of America conference ([Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194)) |
| Sep 21, 2026 | [Raymond James](https://www.bankingnewsai.com/banks/raymond-james) | Expanded AWS collaboration to advance AI-powered advisor insights ([Raymond James](https://www.raymondjames.com/advisor-opportunities/press-releases/2026/09/21/raymond-james-strengthens-data-and-analytics-capabilities-to-advance-ai-powered-advisor-insights)) |
| Sep 10, 2026 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | Design partner for OpenAI's banker research tool ([American Banker](https://www.americanbanker.com/news/openai-launches-financial-tool-for-wall-street-bankers)) |
| Sep 10, 2026 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | OpenAI launches ChatGPT for Financial Services, shaped with Morgan Stanley and Evercore ([OpenAI](https://openai.com/index/introducing-chatgpt-financial-services/), [Fortune](https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/)) |
| Sep 6, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs-usa) | AI proficiency required of new junior bankers ([Financial Times](https://www.ft.com/content/76b370ff-b5f6-4e22-aa30-da08b1abb8f8)) |

## How do UBS's advisor AI tools compare with its wealth rivals'?

The advisor-facing AI each firm has put on the record, with its adoption or result and the date.

| Firm | Advisor AI | Adoption or result disclosed | Date |
| --- | --- | --- | --- |
| UBS (US) | STAAT proactive insights; Copilot; meeting agents; advisor agents that can trade after the advisor decides | 20 million+ STAAT insights in 2025; nearly 90% of advisor teams on the flagship AI platform; about 10,000 advisor hours a month saved | December 2025 to July 2026 ([UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm), [Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients), [Reuters via Investing.com](https://www.investing.com/news/stock-market-news/wall-street-banks-ramp-up-digital-assistants-in-bid-towin-productivity-race-4787686)) |
| Morgan Stanley | AI @ Morgan Stanley Assistant and Debrief; AskResearchGPT | 98% of advisor teams using the Assistant; research answers in one-tenth of the time | June and October 2024 ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [CNBC](https://www.cnbc.com/2024/10/23/morgan-stanley-rolls-out-openai-powered-chatbot-for-wall-street-division.html)) |
| Raymond James | Rai assistant, AI Search and the advisor desktop; Raimond pilot | 6,500 Rai users at 99.5% satisfaction; Raimond pilot with 600 advisors and 1,400 home-office staff | May and July 2026 ([MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html), [WealthManagement.com](https://wealthmanagement.com/ibd-news/raymond-james-announces-ai-driven-client360-platform-ai-advisor-academy)) |
| Wells Fargo | Advisor Gateway | More than 200 tools; more than $1 billion invested in the wealth platform | May 2026 ([InvestmentNews](https://investmentnews.com/wirehouses/wirehouse-watch-wells-fargo-debuts-ai-powered-advisor-platform/266496)) |
| Charles Schwab | Schwab Advisor AI in Action; Claude for Financial Advisors for RIAs | 16,000-plus RIAs offered Claude | September 2026 ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-and-Anthropic-to-Bring-Claude-to-Independent-Registered-Investment-Advisors/default.aspx)) |

## How does UBS's enterprise AI rollout compare with its rivals'?

Employee and developer AI at each firm, with the date. UBS figures are group-wide.

| Firm | Employee AI | Developer AI | Date |
| --- | --- | --- | --- |
| UBS (group) | Copilot and the in-house assistant Red for all employees; all employees can build their own agents | About 18,000 developers; over a quarter of AI suggestions used in production code | July 2026 ([UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html)) |
| JPMorgan Chase | LLM Suite: 150,000 weekly users | Not stated in the cited figure | February 2026 ([JPMorganChase](https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/2026-company-updates/company-update-chairman-ceo-transcript.pdf)) |
| Bank of America | About 200,000 active users of general-purpose AI tools; 400,000+ employee prompts a day | About 20,000 developers on coding agents, 15-20% productivity gain | June to September 2026 ([Bank of America (SEC filings)](https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac06302026ex992.htm), [American Banker](https://www.americanbanker.com/news/bank-of-americas-moynihan-touts-good-economics-of-ai), [Banking Dive](https://www.bankingdive.com/news/bank-of-america-ai-spending-roi-headcount-moynihan/831159)) |
| Goldman Sachs | GS AI Assistant for all 46,000 employees; 1 million+ prompts a month | 12,000 developers with coding assistants | July 2025; June 2026 ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) |
| Wells Fargo | Nearly 200,000 employees with AI tools | 30-35% coding efficiency gain | December 2025; October 2026 ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo), [Bloomberg](https://www.bloomberg.com/news/articles/2025-12-09/wells-fargo-ceo-sees-ai-impacting-companies-workforce-decisions)) |
| Raymond James | More than 10,000 associates using conversational AI regularly | About 3.2 million lines of AI-generated code a month | January 2026 ([InvestmentNews](https://investmentnews.com/independent-broker-dealers/raymond-james-unveils-proprietary-ai-operations-agent/265028)) |

## How does UBS's technology spending compare with its US rivals'?

Budgets as each firm reports them. UBS does not break out US technology spend.

| Firm | Technology spend disclosed | AI-specific figure | Date |
| --- | --- | --- | --- |
| UBS | Not disclosed for the US | Nine large-scale transformational AI initiatives (group) | December 2025 ([UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm)) |
| JPMorgan Chase | About $19.8 billion of 2026 technology expense, up 10% | Not stated separately | February 2026 ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026010693/firmoverview.htm)) |
| Bank of America | $13.5 billion a year, about $4 billion for new initiatives | About 140 AI applications costing $400 million and generating $800 million; AI budget to double in 2027 | March and September 2026 ([Bank of America (PR Newswire)](https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html), [Banking Dive](https://www.bankingdive.com/news/bank-of-america-ai-spending-roi-headcount-moynihan/831159)) |
| Wells Fargo | More than $10 billion a year; 30,000 technologists | Not stated separately | October 2026 ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo)) |
| Raymond James | More than $1.1 billion a year | Not stated separately | April 2026 ([Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/raymond-james-rjf-q2-2026-234354155.html)) |

## Which banks are UBS's peers, and why these?

UBS (US) is compared here with Morgan Stanley, Bank of America, Wells Fargo, JPMorgan Chase, Raymond James Financial, The Charles Schwab Corporation, Goldman Sachs, HSBC USA and Deutsche Bank (U.S.): chosen by the editors for this page (see the note below the table). UBS (US) is classed as a investment bank, broker or wealth manager in the Northeast.

The computed group mixed in Synchrony, Pinnacle and USAA; this group follows UBS's own 20-F, which names Morgan Stanley, JPMorgan Chase, Bank of America, Wells Fargo and Raymond James as its main US wealth competitors and Deutsche Bank and HSBC as international ones, plus Schwab and Goldman Sachs, which compete for advisers, wealthy clients and investment-banking mandates.

## Common questions

### Is UBS better than Morgan Stanley at AI for financial advisors?

The record cannot settle capability. UBS US scores 75.3 on this site's disclosure index and Morgan Stanley 69.7. Morgan Stanley says 98% of its advisor teams use its AI Assistant; UBS says nearly 90% of its advisor teams use its flagship AI platform and that its tools save US advisors about 10,000 hours a month. ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm), [Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients))

### How does UBS compare with Merrill and Bank of America on AI?

Bank of America, Merrill's parent, tops this site's index at 97.3 against UBS US's 75.3. It reports about 140 AI applications costing $400 million and generating $800 million of benefit, and 24 million-plus active Erica users. UBS reports 560 live AI use cases at group level and advisor tools such as STAAT. ([Banking Dive](https://www.bankingdive.com/news/bank-of-america-ai-spending-roi-headcount-moynihan/831159), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/bank-america-bac-q2-2026-194711248.html), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm))

### What AI tools do UBS financial advisors use?

STAAT, a machine-learning system that alerts US advisors to external assets, life events and network connections (over 20 million insights in 2025); Microsoft Copilot (over 85% of US advisors); a guidelines chatbot; meeting agents; and advisor agents that send daily alerts and can execute trades and transfers after an advisor decides. ([UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html), [UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients), [Reuters via Investing.com](https://www.investing.com/news/stock-market-news/wall-street-banks-ramp-up-digital-assistants-in-bid-towin-productivity-race-4787686))

### How does UBS's AI spending compare with US rivals?

UBS does not disclose US technology or AI spending. JPMorgan guided about $19.8 billion of 2026 technology expense, Bank of America budgets $13.5 billion a year and expects its AI budget to double in 2027, Wells Fargo spends more than $10 billion a year, and Raymond James more than $1.1 billion. ([JPMorgan Chase & Co. (SEC filings)](https://www.sec.gov/Archives/edgar/data/19617/000162828026010693/firmoverview.htm), [Bank of America (PR Newswire)](https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html), [Banking Dive](https://www.bankingdive.com/news/bank-of-america-ai-spending-roi-headcount-moynihan/831159), [American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo), [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/raymond-james-rjf-q2-2026-234354155.html))

### Who runs AI at UBS?

Daniele Magazzeni, formerly JPMorgan's analytics chief, became UBS's first chief AI officer on January 1, 2026, with his own Chief AI Office. The group runs an AI Operating & Risk Committee under a group AI policy and requires annual responsible-AI training for all employees. ([UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [FinTech Futures](https://fintechfutures.com/job-cuts-new-hires/ubs-hires-jp-morgan-analytics-chief-daniele-magazzeni-to-lead-ai-strategy), [UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html))

### How does UBS govern AI compared with US banks?

UBS's 20-F says it set up an AI framework and policy with risk-appetite metrics and controls for fairness, data ethics, privacy, security and records, and manages AI-specific risks within its model-risk framework. The UK FCA picked UBS for supervised AI live tests in April 2026. US peers such as Raymond James carry an AI risk factor in their 10-Ks. ([UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [Bloomberg](https://bloomberg.com/news/articles/2026-04-21/barclays-lloyds-ubs-among-banks-picked-by-uk-fca-for-ai-tests), [Raymond James Financial (SEC filings)](https://www.sec.gov/Archives/edgar/data/720005/000072000525000093/rjf-20250930.htm))

### Does UBS have an AI assistant for US clients?

Not one with a disclosed US user count. UBS's 20-F says chatbots, intelligent search and multimedia tools are enhancing client and advisor experiences across its platforms. Bank of America's Erica has 24 million-plus active users, and Robinhood's Cortex Digests had nearly 1 million users by April 2026. ([UBS Group (SEC filings)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/bank-america-bac-q2-2026-194711248.html), [U.S. Securities and Exchange Commission (EDGAR)](https://www.sec.gov/Archives/edgar/data/1783879/000178387926000061/q12026robinhoodexhibit991.htm))

## Peers on this site

- [Morgan Stanley AI strategy](https://www.bankingnewsai.com/banks/morgan-stanley) · [vs peers](https://www.bankingnewsai.com/banks/morgan-stanley/vs-peers)
- [Bank of America AI strategy](https://www.bankingnewsai.com/banks/bank-of-america) · [vs peers](https://www.bankingnewsai.com/banks/bank-of-america/vs-peers)
- [Wells Fargo AI strategy](https://www.bankingnewsai.com/banks/wells-fargo) · [vs peers](https://www.bankingnewsai.com/banks/wells-fargo/vs-peers)
- [JPMorgan Chase AI strategy](https://www.bankingnewsai.com/banks/jpmorgan-chase) · [vs peers](https://www.bankingnewsai.com/banks/jpmorgan-chase/vs-peers)
- [Raymond James Financial AI strategy](https://www.bankingnewsai.com/banks/raymond-james) · [vs peers](https://www.bankingnewsai.com/banks/raymond-james/vs-peers)
- [The Charles Schwab Corporation AI strategy](https://www.bankingnewsai.com/banks/charles-schwab) · [vs peers](https://www.bankingnewsai.com/banks/charles-schwab/vs-peers)
- [Goldman Sachs AI strategy](https://www.bankingnewsai.com/banks/goldman-sachs) · [vs peers](https://www.bankingnewsai.com/banks/goldman-sachs/vs-peers)
- [HSBC USA AI strategy](https://www.bankingnewsai.com/banks/hsbc-usa) · [vs peers](https://www.bankingnewsai.com/banks/hsbc-usa/vs-peers)
- [Deutsche Bank (U.S.) AI strategy](https://www.bankingnewsai.com/banks/deutsche-bank-us) · [vs peers](https://www.bankingnewsai.com/banks/deutsche-bank-us/vs-peers)

## Sources

1. UBS reports 2Q26 net profit of USD 2.8bn and USD 5.8bn for 1H26 (Business Wire) — UBS Group AG and UBS AG (Business Wire), Jul 29, 2026. https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules
2. UBS appoints Chief AI Officer to drive its AI strategy — UBS, Oct 16, 2025. https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html
3. UBS Group AG Annual Report 2025 on Form 20-F — UBS Group (SEC filings), Mar 9, 2026. https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm
4. Behind UBS' AI strategy to win wallet share, client leads — Financial Planning, Dec 1, 2025. https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients
5. UBS first-quarter 2026 earnings call prepared remarks and Q&A (Form 6-K) — UBS Group (SEC filings), Apr 30, 2026. https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm
6. Launch of AI @ Morgan Stanley Debrief — Morgan Stanley, Jun 26, 2024. https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch
7. Raymond James Financial Q3 Earnings Call Highlights — MarketBeat (Yahoo Finance), Jul 22, 2026. https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html
8. Raymond James (RJF) Q2 2026 Earnings Transcript — Yahoo Finance, Apr 22, 2026. https://finance.yahoo.com/markets/stocks/articles/raymond-james-rjf-q2-2026-234354155.html
9. Bank of America plans to double AI budget next year — Banking Dive, Sep 23, 2026. https://www.bankingdive.com/news/bank-of-america-ai-spending-roi-headcount-moynihan/831159
10. Wirehouses Lost 517 Advisors in First Half of 2026 (Diamond Consultants Advisor Transition Report) — WealthManagement.com, Oct 8, 2026. https://wealthmanagement.com/wirehouse-news/wirehouses-lost-517-advisors-in-first-half-of-2026
11. Bank of America's Moynihan touts 'good economics' of AI — American Banker, Jul 15, 2026. https://www.americanbanker.com/news/bank-of-americas-moynihan-touts-good-economics-of-ai
12. Second Quarter 2026 Financial Results presentation (Form 8-K, Exhibit 99.2) — Bank of America (SEC filings), Jul 14, 2026. https://www.sec.gov/Archives/edgar/data/70858/000007085826000353/bac06302026ex992.htm
13. Wall Street banks ramp up digital assistants in bid to win productivity race — Reuters via Investing.com, Jul 13, 2026. https://www.investing.com/news/stock-market-news/wall-street-banks-ramp-up-digital-assistants-in-bid-towin-productivity-race-4787686
14. UBS hires JP Morgan analytics chief Daniele Magazzeni to lead AI strategy — FinTech Futures, Oct 17, 2025. https://fintechfutures.com/job-cuts-new-hires/ubs-hires-jp-morgan-analytics-chief-daniele-magazzeni-to-lead-ai-strategy
15. Innovation and AI at UBS (undated page, retrieved 2026-10-13) — UBS, Oct 13, 2026. https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html
16. Raymond James rolls out proprietary AI operations agent — InvestmentNews, Jan 28, 2026. https://investmentnews.com/independent-broker-dealers/raymond-james-unveils-proprietary-ai-operations-agent/265028
17. Wirehouse watch: Wells Fargo debuts AI-powered advisor platform — InvestmentNews, May 8, 2026. https://investmentnews.com/wirehouses/wirehouse-watch-wells-fargo-debuts-ai-powered-advisor-platform/266496
18. Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey — Bank of America (PR Newswire), Mar 26, 2026. https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html
19. Bank of America (BAC) Q2 2026 Earnings Call Transcript — The Motley Fool (Yahoo Finance), Jul 21, 2026. https://finance.yahoo.com/markets/stocks/articles/bank-america-bac-q2-2026-194711248.html
20. Robinhood Reports First Quarter 2026 Results (Form 8-K, Exhibit 99.1) — U.S. Securities and Exchange Commission (EDGAR), Apr 28, 2026. https://www.sec.gov/Archives/edgar/data/1783879/000178387926000061/q12026robinhoodexhibit991.htm
21. UBS promotes from within to name new advisor head — Financial Planning, Feb 24, 2026. https://financial-planning.com/news/ubs-promotes-from-within-to-name-new-advisor-head
22. A Decade of AI Innovation: BofA's Virtual Assistant Erica Surpasses 3 Billion Client Interactions — Bank of America Newsroom, Aug 1, 2025. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html
23. Bank of America Enhances EricaAssist with Generative AI — Bank of America Newsroom, Jul 21, 2026. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html
24. How Bank of America's Erica does the work of 11,000 people — American Banker, Jan 22, 2026. https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people
25. How JPMorganChase democratized employee access to gen AI — American Banker, May 22, 2025. https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai
26. Driving AI Use Cases and Adoption (Women in Banking 2025 session) — American Banker, Oct 21, 2025. https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management
27. 4Q23 Financial Results — Wells Fargo, Jan 11, 2024. https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf
28. Wells Fargo's AI assistant just crossed 245 million interactions – no human handoffs, no sensitive data exposed — VentureBeat, Apr 8, 2025. https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm
29. Wells Fargo Reaches Major Digital Milestones — Wells Fargo (Business Wire), Mar 26, 2026. https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones
30. Wells Fargo plans to unleash Google's agentic AI bank-wide — American Banker, Aug 5, 2025. https://www.americanbanker.com/news/wells-fargo-plans-to-unleash-googles-agentic-ai-bank-wide
31. Raymond James launches proprietary digital AI agent to bolster operational excellence — Raymond James, Jan 27, 2026. https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence
32. Raymond James Hires David Solganik as Head of AI Strategy — GlobeNewswire via FT Markets, Sep 8, 2025. https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2
33. Raymond James expands service-focused technology investment with Zoom AI Companion meeting summaries — Raymond James, May 15, 2025. https://raymondjames.com/athens-branch/about-us/press-releases/2025/05/15/raymond-james-expands-service-focused-technology-investment-with-zoom-ai-companion
34. HSBC introduces AI role to the C-suite — Banking Dive, Mar 25, 2026. https://bankingdive.com/news/hsbc-david-rice-ai-chief-cto-mario-shamtani-expanded-role-elhedery/815655
35. HSBC names generative AI a leading investment area — Banking Dive, Feb 27, 2026. https://bankingdive.com/news/hsbc-generative-ai-leading-investment-elhedery/813353
36. HSBC Expects Over $100 Million Gains From Using Google AI Tools — Bloomberg, Jun 17, 2026. https://bloomberg.com/news/articles/2026-06-17/hsbc-google-ai-partnership-set-to-add-over-100-million-gains
37. HSBC signs deal to use Mistral's AI tools — Financial Times, Dec 1, 2025. https://ft.com/content/7b8e4ea8-ae17-4ada-9117-9f859589ce1d
38. Meet Charley, Schwab's New AI-Powered Assistant Designed to Help Clients Get Answers and Take Action — Charles Schwab, Sep 30, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx
39. Charles Schwab Launches AI-Powered Capability That Helps Investors Understand Portfolio Performance and Market Activity — Charles Schwab, May 5, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx
40. AI on the other end of the line (but you're not talking to a computer) — Charles Schwab, Feb 5, 2025. https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line
41. Schwab Study Reveals RIA AI Adoption More Than Doubles - But Most Firms Still in Early Stages — Charles Schwab, Jan 22, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx
42. Charles Schwab banking unit CEO to retire — Banking Dive, Jan 30, 2026. https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079
43. Goldman Sachs staff now write a million gen AI prompts a month — American Banker, Jul 25, 2025. https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month
44. Marco Argenti gives Goldman Sachs coders an AI helper — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance
45. Investor Deep Dive 2025: Private Bank presentation (Claudio de Sanctis) — Deutsche Bank, Nov 17, 2025. https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf
46. Investor Deep Dive 2025: Q&A transcript — Deutsche Bank, Nov 17, 2025. https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Q&A-Transcript.pdf
47. Q1 2026 Analyst Call Transcript — Deutsche Bank, Apr 29, 2026. https://investor-relations.db.com/files/documents/quarterly-results/2026/Q1-2026-Analyst-Call-Transcript-For-Upload.pdf
48. Speech by Christian Sewing at the Annual General Meeting 2026 — Deutsche Bank, May 19, 2026. https://hauptversammlung.db.com/files/documents/2026/AGM-2026-Speech-Sewing.pdf
49. Deutsche Bank supports data centre development in Virginia — Deutsche Bank Corporate Bank, Apr 1, 2025. https://corporates.db.com/more/latest-news/deutsche-bank-supports-data-centre-development-in-virginia
50. The UBS AI Advantage (financial advisor experience) — UBS, Jan 9, 2026. https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html
51. Morgan Stanley Research Announces AskResearchGPT — Morgan Stanley, Oct 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt
52. Morgan Stanley Wins Three 2024 Technology Awards — Morgan Stanley, Dec 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards
53. UBS deploys AI programs to unlock efficiency — Banking Dive, Feb 6, 2026. https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572
54. US11429879B2: Methods and systems for identifying dynamic thematic relationships as a function of time — Google Patents (USPTO), Aug 30, 2022. https://patents.google.com/patent/US11429879B2/en
55. Morgan Stanley's Tech Chief Used AI to Crack a Major Coding Problem — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking
56. US 2026/0051336 A1: System and method to enhance audio and video media using generative artificial intelligence (Morgan Stanley Services Group) — Google Patents (USPTO), Feb 19, 2026. https://patents.google.com/patent/US20260051336A1/en
57. The Man Behind Bank of America's $13 Billion Tech Agenda — The Wall Street Journal, Aug 20, 2025. https://www.wsj.com/articles/the-man-behind-bank-of-americas-13-billion-tech-agenda-3d770a2d
58. Bank of America's CTO champions a disciplined approach to AI — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/bofas-cto-is-12-on-the-most-innovative-people-in-finance-ranking
59. US 12,705,363 B2: Vulnerability detection and mitigation using artificial intelligence in an electronic environment (Bank of America Corporation) — Google Patents (USPTO), Aug 11, 2026. https://patents.google.com/patent/US12705363B2/en
60. Wells Fargo Names Saul Van Beurden to Lead Artificial Intelligence — Wells Fargo via FT Markets, Nov 20, 2025. https://markets.ft.com/data/announce/detail?dockey=600-202511201615BIZWIRE_USPRX____20251120_BW971693-1
61. Wells Fargo Taps Amazon Web Services Executive to Expand AI Use — Bloomberg, Jan 26, 2026. https://www.bloomberg.com/news/articles/2026-01-26/wells-fargo-taps-amazon-web-services-executive-to-expand-ai-use
62. US 2026/0087043 A1: Model-based personal advisor system — Google Patents (USPTO), Sep 23, 2025. https://patents.google.com/patent/US20260087043A1/en
63. Lori Beer is turning JPMorganChase into an AI-native bank, and she's got $20 billion to do it — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking
64. The Most Powerful Women in Banking, #5, Lori Beer, JPMorganChase — American Banker, Oct 1, 2026. https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-5-lori-beer-jpmorganchase
65. US20260010713A1 - Generative machine learning framework generating predictive results — Google Patents (USPTO), Jan 8, 2026. https://patents.google.com/patent/US20260010713A1/en
66. Wealth Manager Stocks Sink as Traders Flee Next AI Casualty — Bloomberg, Feb 10, 2026. https://bloomberg.com/news/articles/2026-02-10/wealth-manager-stocks-sink-as-new-ai-tool-sparks-disruption-fear
67. US 2025/0378492 A1: Automated generation and execution of smart contracts for multiple oracle networks (Raymond James Financial; filed 2024-06-07) — Google Patents (USPTO), Dec 11, 2025. https://patents.google.com/patent/US20250378492A1/en
68. Schwab Plans to Use AI to Reach, Serve Less-Affluent Customers — Bloomberg, May 13, 2026. https://bloomberg.com/news/articles/2026-05-13/schwab-plans-to-use-ai-to-reach-serve-less-affluent-customers
69. Charles Schwab CEO Says AI Is Poised to Boost Wealth Managers — Bloomberg, Feb 11, 2026. https://bloomberg.com/news/articles/2026-02-11/charles-schwab-ceo-says-ai-is-poised-to-boost-wealth-managers
70. US 2025/0077917 A1: Systems and methods for iterative generation and plotting of machine learning outcomes on a user interface (Charles Schwab & Co.) — Google Patents (USPTO), Nov 20, 2024. https://patents.google.com/patent/US20250077917A1/en
71. Goldman Sachs taps Anthropic's Claude to automate accounting, compliance roles — CNBC, Feb 6, 2026. https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html
72. US20260072655A1: Context injection for artificial intelligence (AI) coding assistants — Google Patents (USPTO), Mar 12, 2026. https://patents.google.com/patent/US20260072655A1/en
73. HSBC taps interim US CEO for permanent role — Banking Dive, Dec 9, 2025. https://www.bankingdive.com/news/hsbc-jason-henderson-us-ceo-interim-roberts-mcgeough-nelson/807433/
74. US 2025/0348706 A1: System and method using sheaf neural networks for monitoring network effect propagation — Google Patents (USPTO), Nov 13, 2025. https://patents.google.com/patent/US20250348706A1/en
75. Technology Transformation (undated page, retrieved 2026-10-14) — Deutsche Bank, Oct 14, 2026. https://db.com/what-we-do/focus-topics/tech/index
76. Deutsche Bank Deploys Farsight On-Premise Across Investment Banking and Capital Markets in Europe and the Americas — Farsight (GlobeNewswire via Yahoo Finance), Oct 13, 2026. https://finance.yahoo.com/technology/ai/articles/deutsche-bank-deploys-farsight-premise-130000245.html
77. Earnings call transcript: Goldman Sachs tops Q3 2026 estimates as revenue rises — Investing.com, Oct 13, 2026. https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164
78. Goldman's Solomon wants 'clear human accountability' on AI — American Banker, Oct 13, 2026. https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai
79. JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts — CNBC, Oct 13, 2026. https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html
80. JPMorgan CEO Dimon warns customers of 'liability transfer' with AI — Banking Dive, Oct 13, 2026. https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870
81. JPMorgan warns of risks to consumers who rely on AI agents — American Banker, Oct 13, 2026. https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents
82. Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets — PYMNTS, Oct 13, 2026. https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets
83. Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share — Wells Fargo, Oct 13, 2026. https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf
84. U.S. Treasury Announces Record Enforcement Actions Against Bank of America — U.S. Department of the Treasury, Oct 13, 2026. https://home.treasury.gov/news/press-releases/sb0657
85. OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance — Office of the Comptroller of the Currency, Oct 13, 2026. https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html
86. BofA fined $1.21 billion over AML — Banking Dive, Oct 13, 2026. https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915
87. Ant Digital Technologies and HSBC announce successful AI agent micropayment technical verification test — Ant Digital Technologies (PR Newswire via Yahoo Finance), Oct 9, 2026. https://finance.yahoo.com/technology/ai/articles/ant-digital-technologies-hsbc-announce-063000243.html
88. Young Bankers to Manage AI Agents From Start, Goldman Exec Says — Bloomberg, Oct 8, 2026. https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says
89. Charles Schwab's Amy Ruegg: AI Can Make Investing Easier, but Human Expertise Remains Key — Traders Magazine, Oct 8, 2026. https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/
90. US Entrepreneurs Turn to AI to Drive Growth and Hiring, HSBC Study Finds — HSBC (Business Wire via Morningstar), Oct 7, 2026. https://morningstar.com/news/business-wire/20261007888465/us-entrepreneurs-turn-to-ai-to-drive-growth-and-hiring-hsbc-study-finds
91. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
92. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
93. The Most Powerful Women in Banking, #11, Bridget Engle, Wells Fargo — American Banker, Oct 1, 2026. https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo
94. Meet Charley, Schwab's New AI-Powered Assistant Designed to Help Clients Get Answers and Take Action — Charles Schwab (Yahoo Finance), Sep 30, 2026. https://finance.yahoo.com/technology/ai/articles/meet-charley-schwab-ai-powered-130000718.html
95. Deutsche Bank estimates 30% uplift in client onboarding by deploying KYC AI — Finextra, Sep 23, 2026. https://finextra.com/newsarticle/48452/deutsche-bank-estimates-30-uplift-in-client-onboarding-by-deploying-kyc-ai
96. Meta's Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty — CNBC, Sep 23, 2026. https://www.cnbc.com/2026/09/23/metas-muse-ai-causes-schwab-selloff.html
97. UBS at Bank of America financials conference: growth meets capital pressure (transcript) — Investing.com, Sep 22, 2026. https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194
98. Raymond James strengthens data and analytics capabilities to advance AI-powered advisor insights — Raymond James, Sep 21, 2026. https://www.raymondjames.com/advisor-opportunities/press-releases/2026/09/21/raymond-james-strengthens-data-and-analytics-capabilities-to-advance-ai-powered-advisor-insights
99. OpenAI launches financial tool for Wall Street bankers — American Banker, Sep 10, 2026. https://www.americanbanker.com/news/openai-launches-financial-tool-for-wall-street-bankers
100. Introducing ChatGPT for Financial Services — OpenAI, Sep 10, 2026. https://openai.com/index/introducing-chatgpt-financial-services/
101. OpenAI courts Wall Street with ChatGPT for financial services, developed with Morgan Stanley — Fortune, Sep 10, 2026. https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/
102. UBS demands new junior bankers show AI proficiency — Financial Times, Sep 6, 2026. https://www.ft.com/content/76b370ff-b5f6-4e22-aa30-da08b1abb8f8
103. AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division — CNBC, Oct 23, 2024. https://www.cnbc.com/2024/10/23/morgan-stanley-rolls-out-openai-powered-chatbot-for-wall-street-division.html
104. Raymond James Announces Client 360 Platform, AI Advisor Academy — WealthManagement.com, May 5, 2026. https://wealthmanagement.com/ibd-news/raymond-james-announces-ai-driven-client360-platform-ai-advisor-academy
105. Charles Schwab and Anthropic to Bring Claude to Independent Registered Investment Advisors — Charles Schwab, Sep 14, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-and-Anthropic-to-Bring-Claude-to-Independent-Registered-Investment-Advisors/default.aspx
106. 2026 Company Update Transcript - Chairman and CEO Q&A — JPMorganChase, Feb 25, 2026. https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/2026-company-updates/company-update-chairman-ceo-transcript.pdf
107. Wells Fargo CEO Sees AI Impacting Companies' Workforce Decisions — Bloomberg, Dec 9, 2025. https://www.bloomberg.com/news/articles/2025-12-09/wells-fargo-ceo-sees-ai-impacting-companies-workforce-decisions
108. 2026 Company Update presentation slides (Form 8-K, Exhibit 99.2) — JPMorgan Chase & Co. (SEC filings), Feb 23, 2026. https://www.sec.gov/Archives/edgar/data/19617/000162828026010693/firmoverview.htm
109. Barclays, Lloyds, UBS Among Banks Picked by UK FCA for AI Tests — Bloomberg, Apr 21, 2026. https://bloomberg.com/news/articles/2026-04-21/barclays-lloyds-ubs-among-banks-picked-by-uk-fca-for-ai-tests
110. Raymond James Financial Annual Report on Form 10-K for the fiscal year ended September 30, 2025 — Raymond James Financial (SEC filings), Nov 25, 2025. https://www.sec.gov/Archives/edgar/data/720005/000072000525000093/rjf-20250930.htm

---

Canonical page: https://www.bankingnewsai.com/banks/ubs-usa/vs-peers
Part of [BankingNewsAI](https://www.bankingnewsai.com/). Markdown versions of every reference page: append `.md` to the page URL; index at https://www.bankingnewsai.com/llms.txt.