Julius Baer
Note: This is a daily stock update and the information stands true as of 02/02/26, 09:00 CET.
Company Update:
Expert Opinion:
The 2025 issues are being resolved and one can focus again on the operating performance of the company, which is OK. Despite the recent partial catch-up, Julius Baer is still lagging behind other banks or asset managers. Low conviction buy for our expert.
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Company Update:
Operating income declined by 3% to CHF3.76bn for 2025 compared to 2024. Personnel expenses rose by 3% to CHF1.85bn for 2025 compared to 2024. As promised by Julius Baer, gross cost savings reached CHF130m on a run-rate basis, leading to an underlying C/I ratio of 67.6% in 2025. Credit losses rose from CHF15m for 2024 to CHF213m for 2025. Pre-tax profit decreased by 11% to CHF0.94bn for 2025 compared to 2024. IFRS net profit attributable to shareholders was down 25% to CHF764m for 2025 compared to 2024, however beating consensus by 16%.
Assets under management (AuM) rose by 5% to CHF521bn for 2025 compared to year-end 2024.
Net new money inflows were CHF14.4bn in 2025 compared to CHF14bn in 2024. The dividend proposal was unchanged CHF2.60 per share as for FY2024.
The 2025 issues are being resolved and one can focus again on the operating performance of the company, which is OK. Despite the recent partial catch-up, Julius Baer is still lagging behind other banks or asset managers. Low conviction buy for our expert.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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