|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.73 - 10.82|
|52 Week Range||8.54 - 14.73|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||10.09|
|Forward Dividend & Yield||0.50 (4.55%)|
|Ex-Dividend Date||Apr 18, 2022|
|1y Target Est||N/A|
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(Bloomberg) -- Julius Baer Group Ltd. said the worst of the market selloff may be over for the Swiss wealth manager after a first half that was one of the most difficult in decades.Most Read from BloombergWho Is Nicole Shanahan, Woman at Center of Musk-Brin Drama?Sergey Brin Ordered Sale of Musk Investments After Affair: WSJFed to Inflict More Pain on Economy as It Readies Big Rate HikeChina’s Gen Z Is Dejected, Underemployed and Slowing the EconomyVW Billionaire Clan Plotted CEO Ouster as He Wa
ZURICH (Reuters) -Swiss wealth manager Julius Baer will freeze hiring for non relationship manager positions after higher costs and lower client activity triggered a 26% drop in first half earnings. The bank, which competes with UBS and Credit Suisse in managing the investments of ultra wealthy clients, said on Monday it would accelerate "cost discipline" in the second half of the year after its cost/income ratio rose to 67% from 61% a year earlier. Chief Executive Philipp Rickenbacher said there were no immediate plans for lay-offs at the bank which has seen its headcount rise by 71 people this year, to 6,798 staff by the end of June.
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