Julius Baer Group Ltd

Julius Bär Gruppe AG engages in the provision of private banking services. Its services include discretionary mandates, investment advisory, open product and service platform, financial market services, investor services, financing, and wealth planning. The company was founded by Raymond Julius Baer in 2009 and is headquartered in Zurich, Switzerland.

Shares of Julius Baer have underperformed European financials by a wide margin over the past year, following the emergence of sour loans in its private debt business. Although a big misstep for the bank, this is a small part of Baer's overall loan book and should be contained from here. At 11.5x underlying 2023 EPS, these shares still trade around 20% below levels seen early last year, pointing to attractive medium-term upside.

Julius Baer: Shares Still Good Value After Private Debt Debacle

Julius Baer cut 2023 bonus payments to its now departed chief executive and other senior managers in the wake of hefty losses the Swiss bank reported from its exposure to collapsed property group Signa.

Julius Baer cuts 2023 executive bonuses after Signa losses

Julius Baer suffered an outage that prevented customers and bankers from accessing its systems on Feb. 16, but quickly restored full service, the Swiss bank said on Friday in response to a report by Bloomberg.

Julius Baer suffered IT crash last week

My last report on Julius Baer had a rosy outlook for the stock. This forecast has not aged well as the stock has crashed by over 29% from its highest level in 2023.

Here's why Julius Baer share price is in a deep bear market

Julius Baer's stock has recently tanked after it revealed it had lent CHF 606 million to a single client, Signa Holding, representing 40% of its private debt loan book. The bank has written off the entire loan against Signa and the CEO is stepping down to take responsibility for the lapse in judgment. While the scandal is unfortunate, I believe Julius Baer's franchise value remains intact and would view the stock decline as an attractive buying opportunity.

Julius Baer: Signa Scandal Presents Attractive Entry

Julius Baer Gruppe AG (JBAXY) Q4 2023 Earnings Call Transcript

Julius Baer chief executive Philipp Rickenbacher is set to step down, a source with knowledge of the matter said on Wednesday, as the Swiss wealth manager deals with the fallout from its exposure to collapsed property group Signa.

Julius Baer CEO Rickenbacher set to step down - source

Swiss wealth manager Julius Baer is discussing replacing one or more members of its senior leadership team including CEO Philipp Rickenbacher, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Switzerland's Julius Baer explores leadership change - Bloomberg News

Julius Baer's exposure to toppled property group Signa could result in losses that far exceed the provisions taken by the Swiss wealth manager, an analyst said on Monday.

Julius Baer's Signa losses could reach $460 mln, says analyst

Wealth manager Julius Baer's shares slumped another 5% on Tuesday, bringing its total decline since the start of last week to more than 20%, on fears over its exposure to struggling real estate group Signa.

Julius Baer shares slide another 5% on Signa worries

Julius Baer has nominal exposure amounting to 606 million Swiss francs ($684.36 million), comprising three loans to different entities within a European conglomerate, the Swiss private bank said on Monday.

Julius Baer has 606 million francs in exposure to a European group

Julius Baer Group is known for its discretion and lack of scandal compared to its peers in the Swiss financial industry. By catering to ultra-wealthy clients, Julius Baer has seen steady growth in AUM and profits. Looking ahead, Julius Baer may gain market share as Credit Suisse / UBS may see client attrition through their merger.

News for Julius Baer Group Ltd Stock (JBAXY)