Swiss private bank Julius Baer H1 profit drops 15%
ZURICH - Swiss private bank Julius Baer on Thursday reported a 15% drop in profit for first half of 2024, a tumultuous period that saw the exit of its CEO in the wake of the multi-million Signa debacle.
The Zurich-based bank said adjusted net profit fell to 459.7 million Swiss francs from 541 million francs a year earlier. The figure missed the consensus of analyst forecasts for 490 million Swiss francs.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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