Julius Baer pops myth of private bank prudence [Reuters]
JULIUS BAER GRP UNSP/ADR (JBAXY)
NASDAQ:AMEX Investor Relations:
juliusbaer.com/group/en/investors
Company Research
Source: Reuters
Julius Baer (BAER.S) , opens new tab CEO Philipp Rickenbacher is leaving the Zurich-based wealth manager after risky lending triggered an unprecedented bad debt charge , opens new tab , nearly all related to a single corporate client. Money managers must get ready to give investors more clarity on their loan books or give up on lucrative but dicey practices. When Rickenbacher took the helm in September 2019 , opens new tab , his task was to move the 10 billion Swiss franc ($12 billion) wealth manager on from problems linked to dodgy clients and money laundering. Yet the private bank has ended up stepping onto an entirely different landmine: risky private lending. That's been a shock for investors. Pure-play private banks tend to trade at a premium to commercial banking rivals, which in Europe struggle to command a valuation higher than the book value of their assets. The differential reflects a perception that minding rich people's wealth is less risky than lending to companies an
Show less
Read more
Impact Snapshot
Event Time:
JBAXY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
JBAXY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
JBAXY alerts
High impacting JULIUS BAER GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
JBAXY
News
- Sale of Kairos to Anima Successfully Completed [Yahoo! Finance]Yahoo! Finance
- Annual General Meeting 2024 of Julius Baer Group Ltd. [Yahoo! Finance]Yahoo! Finance
- Julius Baer: Shares Still Good Value After Private Debt Debacle [Seeking Alpha]Seeking Alpha
- Tax Evasion Through Swiss Banks Alleged Against Florida Resident [Forbes]Forbes
- Bitcoin Tops $73,000 After Record-Breaking Billion-Dollar ETF Inflow [zero hedge]zero hedge