The bank’s IFRS net profit reached $831 million, bolstered by a 5 per cent rise in assets under management to an all-time high of SFr547 billion. CEO Stefan Bollinger attributed the performance to exceptional client activity in the first quarter and net new money inflows of SFr5.7 billion. Operating income climbed 26 per cent to SFr2.276 billion, a recovery supported by higher commission fees and improved income from financial instruments compared to a year earlier, when the bank faced significant losses tied to the Signa Group collapse.
Julius Baer Shares Slip Despite Record Half-Year Profits
Shares in Julius Baer dropped 3.93 per cent yesterday, despite the Zurich-based private bank posting a record net profit of SFr673 million for the first half of 2026. While the results showed a 128 per cent year-on-year surge, the market reaction signaled investor indifference to the bank's latest financial milestone.
Operational efficiency remains a focus, with the adjusted cost/income ratio tightening to 62.6 per cent. Julius Baer is currently pursuing a broader efficiency programme, aiming for SFr130 million in gross savings by 2028. Despite these internal gains, the bank reported a 4 per cent rise in adjusted personnel costs to SFr974 million, reflecting a headcount increase of 285 positions over the first six months of the year. The bank's Common Equity Tier 1 capital ratio strengthened to 18.5 per cent, positioning the firm well above regulatory capital requirements.
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