SNB Posts $31.2 Billion Profit as Stocks Rally Offsets Gold Losses

The Swiss National Bank reported a significant six-month profit of 25.2 billion francs ($31.2 billion), a substantial turnaround from its first-quarter loss. The bank's earnings were boosted by gains from the global stock market rally and a weaker franc, which offset the decline in value of its gold holdings.

The SNB's profit is likely to bring year-end payouts to the Swiss government back into focus after a disappointing start to the year. The solid six-month performance sets the stage for a potentially strong finish to 2026.