Julius Baer shares up 10% as top wealth manager weathers write-off storm, CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
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The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
By Pierre Bertrand Shares in Julius Baer climbed Thursday after it said Chief Executive Officer Philipp Rickenbacher would step down following major losses...
Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.
Shares in European banking giants BNP Paribas and ING tumbled on Thursday as disappointing fourth-quarter results took the shine off bumper annual profits.But BNP shares were down seven percent in afternoon deals on the Paris stock exchange as its fourth quarter earnings disappointed.
In his latest research note, analyst Anke Reingen confirms his positive recommendation. The broker RBC is keeping its Buy rating. The target price remains unchanged at EUR 82.