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Julius Baer Group (JBAXY)
OTHER OTC:JBAXY
Earnings Data
Report Date
Jul 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.66Last Year’s EPS
0.56Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call presented a strong operational performance with record AUM, solid net new money, improved underlying revenue and meaningful cost discipline, alongside substantial capital rebuilding. Management completed important remediation (credit review, governance upgrades) and launched a clear strategic cycle with targeted growth, efficiency and technology programs. Key challenges include CHF 213 million of net credit losses, a sharp decline in net interest income, currency headwinds from a weaker USD and near-term cost/income pressure from front-loaded investments and RM headcount dynamics. Overall, the positives — notably the robust AUM growth, net new money, operating leverage and CET1 strengthening — outweigh the headwinds, while management has laid out milestones and targets to address the issues.Company Guidance
Record Assets Under Management
AUM reached a record high of CHF 521 billion (up 5% year-on-year). Monthly average AUM rose 7% to CHF 499 billion and total client assets increased 4% to CHF 614 billion.
Strong Net New Money
Net new money totaled CHF 14.4 billion for 2025 (≈2.9% annualized), roughly in line with guidance despite active derisking; H2 releveraging contributed +0.6 percentage points to the NNM pace.
Underlying Revenue and Profit Growth
On an underlying basis (excluding net credit losses), operating income rose 6% to ~CHF 4.073 billion and underlying pretax profit increased 17% to CHF 1.27 billion; underlying pretax margin improved to 25 bps.
Cost Discipline and Efficiency Delivery
Costs rose only 1% to CHF 2.808 billion. The bank delivered CHF 130 million of gross cost savings (exceeding the CHF 110 million target) and limited cost-to-achieve to CHF 40 million. Expense margin improved by 4 bps and underlying cost/income improved ~3 percentage points to 67.6%.
Capital Strength and Balance Sheet Resilience
CET1 ratio strengthened to 17.4% (≈+320 bps pro forma since 2024); CET1 capital up 10% to CHF 3.9 billion while RWAs declined 10% to CHF 22.7 billion. Liquidity metrics strong: loan-to-deposit ratio 62% and LCR ~261%.
Diversified Revenue Offsets Interest Headwinds
Net commission & fee income increased 5% to CHF 2.314 billion. Net income from financial instruments rose 25% to CHF 1.608 billion, driven by a 51% increase in treasury swap income and a 28% rise in average swap volumes to CHF 27 billion, which helped offset a CHF 252 million decline in net interest income.
Progress on Strategic and Operational Initiatives
Completed credit review, upgraded governance and leadership, simplified organization, launched new strategy and a 3-year revenue/growth program, rolled out a new global finance platform, started IT infrastructure renewal in Switzerland, and established a Global Products & Solutions unit with visible traction (e.g., structured products volume growth).
JBAXY 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
JBAXY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 02, 2026 | $16.78 | $16.72 | -0.38% |
Jul 22, 2025 | $14.17 | $13.90 | -1.86% |
Feb 03, 2025 | $13.78 | $11.98 | -13.04% |
Jul 25, 2024 | $11.44 | $10.45 | -8.63% |
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 (JBAXY) report earnings?
Julius Baer Group (JBAXY) is schdueled to report earning on Jul 27, 2026, Before Open (Confirmed).
What is Julius Baer Group (JBAXY) earnings time?
Julius Baer Group (JBAXY) 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 JBAXY EPS forecast?
JBAXY EPS forecast for the fiscal quarter 2026 (Q2) is 0.66.