Citi upgrades Julius Bär shares after a post-earnings de-rating, citing gradual improvement in net new money and profitability.
Citi Research upgraded Julius Bär Gruppe (JBAXY) (JBARF) to Buy from Neutral, citing a slight de-rating in the stock following its FY25 results. The firm noted that guidance indicated a more gradual progression for net new money growth and profitability improvements than previously expected.
Prior to the upgrade, Julius Bär shares had faced pressure due to market expectations for faster recovery in client inflows and margins. The adjustment reflects a recalibration of investor sentiment amid broader sector challenges.
No immediate market reaction was specified in the report.