|Bid||47.03 x 103000|
|Ask||39.93 x 337400|
|Day's Range||44.30 - 44.97|
|52 Week Range||44.30 - 63.30|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||13.78|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||65.64|
Bhaskar Laxminarayan of Bank Julius Baer defends technology stocks and says it is "very difficult" to find a sector that is so "cash positive."
(Bloomberg) -- Crude closed higher for a fourth straight day in New York ahead of a weekend meeting where the world’s top exporters will discuss whether to extend supply cuts.
ZURICH (Reuters) - Julius Baer has acquired an additional 30 percent in Mexican wealth manager NSC Asesores, the Swiss private bank said on Monday, taking its overall stake to 70 percent. Zurich-based ...
Swiss private bank Julius Baer has partnered with SEBA Crypto to launch cryptocurrency services later in 2019. Julius Baer is one of the three largest private banks in Switzerland. The firm said that the move towards digital asset services is driven by customer demand, according to an announcement on Tuesday. Peter Gerlach, Head of Markets at Julius Baer, said: “At Julius Baer, we are convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio. The investment into SEBA as well as our strong partnership are proof of Julius Baer’s engagement in the area of digital assets and our dedication to make pioneering innovation available to the benefit of our clients.” SEBA Crypto is a Swiss-based blockchain start-up The post Swiss bank partners with crypto firm SEBA to offer digital asset services appeared first on Coin Rivet.
Julius Baer plans to offer access to digital assets through a partnership with Swiss start-up SEBA Crypto in the latest move into cryptocurrencies by a Swiss private bank. The partnership, which follows a similar move by smaller rival Falcon Private Bank, will enable customers of Julius Baer, Switzerland's third-largest listed bank, to store, trade and invest in digital assets, the two firms said on Tuesday.
With Asia’s swelling ranks of millionaires chastened by portfolio losses, firms from Julius Baer Group Ltd. to UBS Group AG say they’re finding rich clients more open to giving them discretionary mandates, where they hand over lump sums and let the bank manage the money for a fee. “Wealthy individuals here in Asia, over time, realize that they can’t beat the market in such a fantastic way as their egos might tell them,” said Steven Fong, head of mandate solutions for Singapore at Credit Suisse Group AG’s Asia Pacific private bank. Fortunes in Asia’s $22 trillion wealth market are younger than those in Europe or the U.S., so most individuals retain control over their money, giving professional managers more room to acquire clients.
Switzerland's highest court has ruled against private bank Julius Baer (BAER.S) in a suit by a German government agency seeking East German assets that went missing after the fall of the Berlin Wall. The lawsuit relates to withdrawals nearly 30 years ago from an account established by former German Democratic Republic officials at Zurich-based Bank Cantrade, which Julius Baer bought from UBS (UBSG.S) in 2005. In a ruling published on Wednesday, the Swiss Federal Supreme Court overturned a verdict from a Zurich appeal court last year dismissing the case and sent it back to be reheard.
Julius Baer plans to axe 130-140 jobs, or around 2 percent of its workforce, as part of a cost-cutting plan announced on Monday, after a tough end to 2018 caused the Swiss private bank to scale back growth targets. Switzerland's third-largest listed lender on Monday announced a 100 million Swiss franc ($100.3 million) cost savings programme after reporting a 6 billion franc decline in managed assets in 2018 and missed its profitability and cost-income targets. Adjusted half-year net profit fell 18 percent in the last six months of 2018 as tumbling stock markets made its customers more cautious.
AG (BAER.EB) trade lower after the bank said it is planning cost-cutting measures, including a 2% headcount reduction, as 2018 net profit rose slightly and assets under management decreased. The Swiss banking group announced Monday a 100 million-Swiss-franc ($100.4 million) cost-cutting program after net profit for the year rose 2.7% to CHF735.3 million. For the first half of the year, it had posted an increase in net profit of more than 20%.
Julius Baer Group Ltd. (VTX:BAER), which is in the capital markets business, and is based in Switzerland, saw a significant share price rise of over 20% in the past couple Read More...
Swiss private banking group Julius Baer Gruppe AG on Friday named Regis Burger as head of Middle East and Alain Ucari as head of Africa & Turkey, effective immediately. The bank said it is creating two ...
Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain's Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina. A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer's Venezuelan book of business were under way but had not yet been concluded.
Women, especially from China, are playing a bigger role in Asian luxury spending, according to Bank Julius Baer. The findings come from the latest edition of the Swiss private banking group's annual Wealth Report Asia. Women — especially in China — are playing an increasingly big role in Asia's luxury spending.
Since Julius Baer Group Ltd (VTX:BAER) released its earnings in June 2018, analysts seem cautiously bearish, with earnings expected to grow by 4.4% in the upcoming year relative to the Read More...
Swiss private bank Julius Baer does not expect the U.S. sentencing of one of its former Latin America executives to have any bearing on the bank's U.S. legal issues, it said on Tuesday. Baer, Switzerland's third-largest private bank, was charged in 2016 with helping wealthy Americans to dodge tax, resulting in a deferred prosecution agreement (DPA) that required it to steer clear of wrongdoing for three years to ensure that the charges were eventually dismissed. On Monday Matthias Krull, 44, a German national who is a former Julius Baer Panama vice-chairman, was sentenced to 10 years in prison after pleading guilty in August for his role in a billion-dollar scheme to launder money embezzled from Venezuelan state oil company PDVSA.