Education
About Us
Working with TipRanks
Follow Us
Julius Baer Group Ltd (CH:BAER)
:BAER
Earnings Data
Report Date
Jul 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.59Last Year’s EPS
2.22Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Q4 2025
Earnings Call Date:Feb 02, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presented solid operational and strategic progress: record AUM, meaningful net new money, improved underlying revenues (excluding credit charges), strong cost discipline and a material restoration of capital adequacy (CET1 17.4%). Management addressed legacy issues (credit review, governance) and launched a clear three-year growth program and technology/efficiency initiatives. However, the year featured significant one-off credit charges (CHF 213m net), a pronounced decline in traditional NII due to lower rates and FX headwinds from a weaker dollar; management also cautioned that front‑loaded investments and cost-to-achieve will pressure near-term cost/income before back-ended benefits flow in 2027–28. On balance, positives around franchise strength, capital and execution momentum outweigh the temporary headwinds and investment-related near-term pressures.Company Guidance
Record Assets Under Management
AUM reached a record CHF 521 billion, up 5% year-on-year, supported by CHF 14.4 billion net new money and CHF 57 billion market uplift; monthly average AUM rose 7% to CHF 499 billion and total client assets increased 4% to CHF 614 billion.
Strong Net New Money and Regional Momentum
Net new money totaled CHF 14.4 billion (≈2.9% annualized), broadly in line with guidance; positive contributions from Asia (HK, India, Singapore, Thailand), Western Europe (UK/Ireland, Germany, Iberia) and the Middle East (UAE); management targets gradual improvement to 4–5% p.a. by 2028.
Underlying Revenue Growth (Excluding Credit Charges)
Excluding CHF 213 million net credit losses from the credit review, underlying operating income rose 6% year‑on‑year to ~CHF 4.073 billion (adjusted operating income reported at CHF 3.861 billion unchanged on IFRS-adjusted basis).
Fee Income and Trading Strength
Net commission and fee income increased 5% to CHF 2.314 billion; net income from financial instruments (trading) improved 25% to CHF 1.608 billion, driven in large part by a 51% rise in treasury swap income.
Treasury Swap Volumes Expanded
Average swap volumes rose 28% year-on-year to CHF 27 billion, supporting a meaningful increase in quasi-NII (treasury swap income) and offsetting part of the NII decline.
Tight Cost Control and Cost Savings Delivery
Operating expenses rose just 1% to CHF 2.808 billion; management delivered CHF 130 million of gross cost savings (overachieving the CHF 110 million target by CHF 20 million) and limited cost-to-achieve in 2025 to CHF 40 million (vs. budget ~CHF 65 million).
Improved Efficiency and Operating Leverage
Underlying cost/income ratio improved by ~300 basis points to 67.6% (underlying cost-to-income shown at 68% elsewhere), expense margin improved to 55 bps and the bank reported positive operating leverage for the first time since 2021.
Material Capital Strengthening
CET1 ratio rose to 17.4% (pro forma for Basel III final: up ~320 bps from 14.2% pro forma 2024); CET1 capital grew 10% to CHF 3.9 billion while RWAs declined 10% to CHF 22.7 billion.
Strong Liquidity and Leverage Metrics
Loan-to-deposit ratio at 62% and liquidity coverage ratio at 261%; Tier 1 leverage ratio essentially unchanged at 4.9%, comfortably above the 3% regulatory floor.
Strategy, Governance and Organization Reset
Completed credit review, upgraded governance, renewed leadership team, simplified organization, launched new strategy and a dedicated 3-year revenue & growth program; set midterm targets (NNM 4–5% by 2028, cost/income <67% by 2028, return on CET1 >30%).
CH:BAER Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CH:BAER Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 02, 2026 | CHF64.62 | CHF65.34 | +1.11% |
Jul 22, 2025 | CHF56.50 | CHF55.30 | -2.12% |
Feb 03, 2025 | CHF60.90 | CHF53.17 | -12.69% |
Jul 25, 2024 | CHF49.21 | CHF44.76 | -9.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Julius Baer Group Ltd (CH:BAER) report earnings?
Julius Baer Group Ltd (CH:BAER) is schdueled to report earning on Jul 27, 2026, Before Open (Confirmed).
What is Julius Baer Group Ltd (CH:BAER) earnings time?
Julius Baer Group Ltd (CH:BAER) earnings time is at Jul 27, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Julius Baer Group Ltd stock?
The P/E ratio of Julius Baer Group Ltd is N/A.
What is CH:BAER EPS forecast?
CH:BAER EPS forecast for the fiscal quarter 2026 (Q2) is 2.59.