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Julius Baer Group Ltd ( (CH:BAER) ) has provided an announcement.
Julius Baer Group Ltd reported a significant increase in net new money inflows, nearly doubling to CHF 7.9 billion, and a 7% increase in average monthly assets under management year-on-year. Despite a 35% decline in IFRS group profit due to higher credit impairments and the sale of its Brazilian business, the company achieved an 11% increase in underlying group profit, improved its cost/income ratio, and made progress in risk management and organizational changes. The company is on track to achieve additional cost savings and has a solid capital base, indicating a positive outlook for achieving its medium-term goals.
The most recent analyst rating on (CH:BAER) stock is a Buy with a CHF66.00 price target. To see the full list of analyst forecasts on Julius Baer Group Ltd stock, see the CH:BAER Stock Forecast page.
More about Julius Baer Group Ltd
Julius Baer Group Ltd is a leading Swiss private banking group that offers wealth management services. The company focuses on providing financial solutions and advisory services to high-net-worth individuals and institutions, with a strong presence in key markets across Asia, Western Europe, and the Middle East.
Average Trading Volume: 614,978
Current Market Cap: CHF10.98B
Find detailed analytics on BAER stock on TipRanks’ Stock Analysis page.