|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.27 - 10.43|
|52 Week Range||9.73 - 14.69|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||9.07|
|Forward Dividend & Yield||0.58 (5.60%)|
|Ex-Dividend Date||Apr 17, 2023|
|1y Target Est||12.46|
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Julius Baer's Chief Executive declined to confirm on Wednesday whether the private bank's 606 million Swiss franc ($693 million) exposure it disclosed earlier this week is to toppled property giant Signa. "I cannot comment on clients," Philipp Rickenbacher said at the Financial Times' Global Banking Summit. The CEO said it was too early to say what specific lessons could be learned relating to the large exposure in its private debt business.
(Bloomberg) -- Julius Baer Group Ltd. will likely end up making provisions for about 50% of its exposure to Signa, according to Swiss private bank Vontobel.Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce ViolationsBillions Wiped Out as Stock-Safety Trade on Wall Street MisfiresTreasury Yields Slide as Fedspeak Fuels Pivot Bets: Markets WrapThe esti
Everyone has been looking for evidence of the pain in commercial property hitting banks. Behold, Switzerland's Julius Baer. The private bank Monday said it was reviewing its business of lending to rich clients after it took a hit on a 606 million Swiss franc ($680 million) exposure to a set of loans backed by a single client's commercial real estate and luxury retail holdings.