Julius Baer's Share Drop Could Be Buying Opportunity, RBC Says -- Market Talk
Dow Jones
Feb 03, 2025
1403 GMT - Julius Baer's stock could be at a buying opportunity, RBC Capital Markets analyst Anke Reingen says, as the Swiss wealth manager's shares drop. Forward-looking indicators that are positive include the company's assets under management and its net new money inflow, which exceeded expectations, the analyst says. Another bright spot for investors is the 110 million Swiss franc target in additional savings this year, the analyst says in a research note. Shares are down 14% at 55.48 Swiss francs after the company missed expectations for second-half adjusted pretax profit. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 03, 2025 09:03 ET (14:03 GMT)
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