AllAnalyst Report
logoMorningstarOctober 20, 2020

Julius Bär Gruppe AG: Julius Baer Reports Excellent Key Metrics

Symbols
JBAXY
Sector(s)
Financial Services
Rating
Premium
Current Price
$11.50
Fair Value
Premium
Economic Moat
Premium
Stewardship
Premium
Summary

Julius Baer was founded in 1890 and expanded significantly in 2005 when it acquired three Swiss private banks and Global Asset Management, or GAM, from its far larger Swiss rival, UBS. In 2009 Baer spun off GAM as a separately listed firm. The acquisition of Merril Lynch's wealth management operations outside of the U.S. in 2012 increased Baer's assets under management by 40% and increased its footprint outside of Europe. Julius Baer is currently the largest pure-play private bank in Switzerland and the third-largest Swiss private bank. Baer provides private banking services principally to individuals in Switzerland and Europe and increasingly in Asia and other emerging markets.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE