That profitability had grown “significantly” during the first 10 Nonetheless, Julius Baer said – without giving a figure – Still, we might have to lower our estimates “JB guides for a potential recovery in the last two months With Vontobel analyst Andreas Venditti describing the statement Shares in the bank fell 4.6% in early trading in Zurich, Recovery for the final two months of the year,” it added. “Initial results for November, however, indicate a potential Quarter and well into October,” the bank said in a statement. “The slowdown in client activity relative to the strongįirst quarter of 2021 continued from the second to the third “exceptionally” high levels the previous year. Julius Baer described as a “softening” in client activity from Points, down from 88 basis points a year earlier, reflected what Gross margins in the first 10 months of 2021 of 82 basis Surging equity and housing prices also made some households Government transfers allowed households to save and invest more. Wealth managers enjoyed a boom during 2020 as lowerĬonsumption combined with an increase in disposable income from Instruments had shrunk compared to the first half of 2021. The wealth manager, Switzerland’s third-largest listed bank,Īlso said margins from brokerage commissions and from financial Monday after it said client activity had continued to slow Julius Baer dropped nearly 5% in early trading on ZURICH, Nov 22 (Reuters) – Shares of Swiss private bank (Rewrites, adding analysts, share price move) Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on:Įmail: thank you for your understanding.
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To ensure protection against targeted ransomware and Malware attacks, remember to install the latest version of a Multi-layered Antivirus program and never share your account details online or via email. The widespread concern around COVID-19 creates the perfect opportunity for cybercriminals to defraud customers. As soon as the situation changes, we will advise you, our valuable clients accordingly. While the extent of COVID-19 is still unknown, our plans have the necessary flexibility to evolve as the situation requires.Īs a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. The safety of our employees and clients is something that we care deeply about. Digital platforms provide an efficient, fast, safe and nearly instantaneous solution to many, if not all your investing requirements, away from public spaces. We therefore strongly encourage you to use our suite of digital tools and trading platforms for your financial needs. Given the wide-ranging impact of the pandemic and in line with advice from government and the World Health Organisation (WHO), limiting unnecessary human contact is an invaluable precaution.
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