Julius Baer
Julius Baer
Julius Bär Group Ltd.is a Swiss private banking group. It has locations in more than 20 countries. Switzerland and Asia are the group’s two home markets, with the head office being located in Zurich. Julius Baer employs a staff of over 5,300 worldwide...
figures notch prefer private
The figures are a notch better, but valuation is stretched. Therefore, we still prefer other private banks.
value
(It is) an acquisition which we would value as 'not really expensive.
due higher numbers otherwise rather sales
Sales look fine, but otherwise the numbers are rather disappointing, also due to higher expenses.
alleged europe hurt impact performance problems product sales stronger
Especially the sales performance in Europe was stronger than expected. The impact of alleged product problems did not really hurt sales in Europe.
company confirmed forecasts outlook quarter reached second
The company reached its own forecasts for the first quarter 2006 and confirmed its outlook for the second quarter.
below clearly guidance operating profit
The operating profit guidance is clearly below (expectations).