{
EFG International AG

Companies

}
efg international reports slight net profit decline despite rising assets under management
EFG International reported a slight decline in net profits despite an increase in assets under management (AuM) and strong client activity. CEO Giorgio Pradelli highlighted the bank's resilience, with a revenue margin of 96 basis points for the first 10 months of 2024, slightly down from the first half of the year.
wealthbriefingasia.com
United States Dollar EFG International AG CHE Giorgio Pradelli
TradFi, Press Release
19:32 20.11.2024
efg international reports over 260 million chf net profit in 2024
EFG International reported a net profit exceeding CHF 260 million in the first 10 months of 2024, with an annualised return on tangible equity of approximately 18.5%. This performance shows an improvement compared to 2023, when the net profit was CHF 303.2 million and the return on tangible equity was 18.2%.
Switzerland
Swiss Franc EFG International AG CHE
TradFi, Market Report
14:09 20.11.2024
efg international reports strong net flows and profit growth in 2023
EFG International reported CHF 7.4bn ($8.4bn) in net asset inflows over the first ten months of the year, contributing to a net profit exceeding CHF 260m ($294m). This performance reflects a double-digit growth in net banking and commission income, alongside increased assets under management and client activity. The return on equity stands at 18.5%, slightly up from 18.2% last year, with mandate penetration rising to over 60%.
Asia
United States Dollar Swiss Franc EFG International AG CHE
TradFi, Market Report
14:08 20.11.2024
efg international poised for record net profit in 2024
EFG International is poised for a record net profit in 2024, with over 260 million Swiss francs earned in the first 10 months, surpassing last year"s total of 303.2 million francs. The bank reported strong cash inflows of 7.4 billion francs and an increase in assets under management to 159 billion francs. CEO Giorgio Pradelli noted heightened client activity amid market volatility and indicated potential acquisition opportunities, although nothing is imminent.
Global Banking | Finance
Swiss Franc EFG International AG CHE Giorgio Pradelli John Revill Oliver Hirt Show more
TradFi, Market Report
11:16 20.11.2024
efg international reports strong growth and increased net profit in 2024
EFG International reported net new assets of CHF 7.4 billion from January to October 2024, achieving an annualized growth rate of 6.3%, surpassing its target range. The Zurich-based asset manager's net profit exceeded CHF 260 million, up 8% year-on-year, with all business regions showing net inflows. The company is on track for €60 million in annual savings by 2025 and continues to focus on disciplined cost management while planning further recruitment and potential acquisitions.
Allnews
United States Dollar Euro Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
10:13 20.11.2024
efg international reports 8 percent profit growth and strong asset inflows
EFG International reported a net profit exceeding 260 million Swiss francs for the first ten months of 2024, an 8% increase year-on-year. The firm achieved net new assets of 7.4 billion Swiss francs, surpassing its growth target, with significant contributions from newly recruited client advisors. Operating expenses rose by 5%, but the company remains on track to realize annual savings of €60 million by 2025.
Zonebourse
Swiss Franc Credit Suisse EFG International AG UBS CHE Giorgio Pradelli Show more
TradFi, Market Report
09:57 20.11.2024
efg international reports strong net inflows and profit growth in 2024
EFG International reported robust net inflows of 7.4 billion francs ($8.4 billion) in the first ten months of 2024, achieving an annualized growth rate of 6.3%, surpassing its target. All regions, particularly Asia Pacific and Latin America, experienced double-digit growth, contributing to a total of approximately 159 billion francs in assets under management. Despite a decline in net profit to 260 million francs from 303.2 million francs in 2023, the bank"s CEO highlighted strong client trust and the impact of strategic hires made in 2023.
finews.com
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
09:08 20.11.2024
Swiss stock exchange opens higher amid mixed global market signals
The Swiss stock exchange opened higher, with the SMI Index rising 0.68% to 11,619.79 points. Investors are reacting to mixed signals from Wall Street and Asian markets, while awaiting Nvidia's earnings report, which could influence global markets. Notable stock movements include Holcim up 2.46% and Lonza up 1.56%.
TVS tvsvizzera.it
United States Dollar Baloise EFG International AG JPMorgan Chase & Co. Lonza Group AG SGS SA Holcim AG Kühne+Nagel CHE Show more
TradFi, Market Report
09:02 20.11.2024
efg international poised for record profit amid strong cash inflows
EFG International is set to surpass last year's net profit, with over 260 million Swiss francs earned in the first 10 months of 2024. The bank reported strong cash inflows of 7.4 billion francs, raising assets under management to 159 billion francs. CEO Giorgio Pradelli noted increased client activity amid market volatility and indicated potential for future acquisitions.
MarketScreener
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
09:02 20.11.2024
efg private bank reports strong growth and increased assets under management
EFG Private Bank hired 60 new client advisors by October 2024, contributing to a 6.3% annualized growth rate in new money, totaling CHF 7.4 billion. Assets under management rose to CHF 159 billion, while net profit exceeded CHF 260 million, despite a slight increase in the cost/income ratio to 73.9%.
Tippinpoint.ch
Swiss Franc EFG International AG CHE
TradFi, Market Report
08:47 20.11.2024
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