0925 GMT - Julius Baer's 2025 results were mixed and messy, Keefe, Bruyette & Woods says in a research note. The Swiss private bank reported a smaller-than-expected drop in profit and stronger capital ratio but weakness on its top line. "While the positives are notable, our enthusiasm is tempered by the market's tendency to place greater emphasis on revenues and flows, both of which were lackluster or broadly in line," the analysts write. Investor attention should turn to the bank's year-to-date performance, its exposure to China, the pending buyback as well as the sustainability of its improved cost base, they add. Shares fall 3.9% to 62.12 Swiss francs. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 04:25 ET (09:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.