Previous Close | 53.81 |
Open | 53.72 |
Bid | 50.84 x N/A |
Ask | 56.18 x N/A |
Day's Range | 53.28 - 53.82 |
52 Week Range | 43.02 - 695.00 |
Volume | |
Avg. Volume | 46,353 |
Market Cap | 11.779B |
Beta (5Y Monthly) | 1.50 |
PE Ratio (TTM) | 10.72 |
EPS (TTM) | 4.99 |
Earnings Date | Jul 25, 2024 |
Forward Dividend & Yield | 2.60 (4.75%) |
Ex-Dividend Date | Apr 17, 2023 |
1y Target Est | N/A |
Longbridge Whale ("Long Bridge Technology") is thrilled to announce that it has been certified as a Portfolio Management System (PMS) provider with Julius Baer FIX Connectivity. This new certification marks a significant milestone for Longbridge Whale, as it empowers the company to provide a more comprehensive and specialized digital platform for wealth managers, financial intermediaries such as External Asset Managers (EAMs) and Single Family Offices (SFOs), via FIX Connectivity.
ZURICH (Reuters) -Swiss private bank Julius Baer's shares fell 10% on Thursday after the wealth manager missed profit forecasts and reported only a tepid increase in cash inflows from rich clients. The first half results were the latest blow for Julius Baer which has had a tumultuous start to 2024 with CEO Philipp Rickenbacher exiting after the bank reported losses of 586 million Swiss francs ($663.80 million) on loans to collapsed property giant Signa. The affair dented customer confidence in the Zurich-based wealth manager, leading to clients withdrawing cash in January, before inflows turned positive from February to June.
Julius Baer on Tuesday named Goldman Sachs partner Stefan Bollinger its new CEO, as the Swiss private bank seeks to move on from the multi-million dollar Signa debacle. Previous chief Philipp Rickenbacher was ousted in February after the wealth manager had to write down 586 million Swiss francs on loans to Signa, the failed property group controlled by Austrian magnate Rene Benko. Bollinger, co-head of private wealth management for Europe, Middle East and Africa at Goldman Sachs in London, will join Julius Baer no later than Feb. 1, 2025, the Swiss bank said.