|Bid||6.71 x 0|
|Ask||6.85 x 0|
|Day's Range||6.71 - 6.85|
|52 Week Range||5.25 - 7.97|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||29.43|
|Forward Dividend & Yield||0.30 (4.42%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of EFG International AG and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Banco BTG Pactual SA, Brazil's largest independent investment bank, on Tuesday said it was launching a full-service digital retail bank to be led by former Telecom Italia (TIM) Chief Executive Amos Genish. The move opens a new front in BTG Pactual's challenge to Brazil's heavily consolidated banking sector, building on its digital investment platform BTG Pactual Digital, launched in 2016 to boost revenues and diversify risk. In addition to its investment funds, BTG said its retail bank will now offer checking accounts, insurance and loans to mid-sized companies, according to a securities filing.
Assets under management at Swiss private bank EFG International dropped to 131.2 billion francs (£99.45 billion) at the end of 2018, missing analysts' expectations, as tough markets and exchange-rate swings weighed. EFG reported underlying net new assets of 2.5 billion francs, although Switzerland and Italy missed its growth target of 3-6 percent "due to de-risking impact". Zurich-based EFG had acquired troubled Swiss bank BSI from Brazil's BTG Pactual in 2016 in a deal that nearly doubled EFG's size, but also saddled it with challenges.