Julius Baer Sees Acquisitions and Hiring Efforts Take Effect; Shares Fairly Valued
Wide-moat Julius Baer is inching closer to its medium-term targets. In its third-quarter results, the company reported net new money inflows of 4% annualised, primarily thanks to hiring of relationship managers in the first half of this year taking effect. This brings the company closer to its 4%-6% target range for 2017. Further, assets under management benefited from positive market performance and the integration of the Kairos and CISAL acquisitions, which contributed CHF 9 billion and CHF 3 ...Julius Baer is engaged in private banking activities primarily in Switzerland, Europe, Asia and South America. Co. focuses in private banking, which includes certain internal supporting functions which serve entirely the core business activities.
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