{
EFG International AG

Companies

}
efg international reports strong profit growth and increased assets under management
EFG International reported a net profit of CHF 260 million for the first ten months of 2024, up from CHF 162.8 million in the first half, but still below last year"s CHF 303.2 million. The bank saw net new money of CHF 7.4 billion, with assets under management rising to CHF 159 billion, despite analysts" expectations of CHF 8.1 billion and CHF 162 billion, respectively. The hiring of client relationship officers has normalized, with 60 new hires this year, bringing the total to 706, as the company continues to advance its strategic plan for 2025.
finews.ch
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
08:43 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 total assets under management of approximately 159 billion francs. 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
Finance & Economy, Market Report
08:35 20.11.2024
EFG International reports lower than expected profits in ten-month results
EFG International reported a net profit of over CHF 260 million for the first ten months of the year, slightly up from over CHF 240 million in the same period last year. However, these figures fell short of expectations, with the total profit for 2023 reaching CHF 303 million.
cash.ch
Swiss Franc EFG International AG CHE
TradFi, Market Report
08:15 20.11.2024
efg international reports strong asset growth but misses analyst expectations
EFG International reported net new assets of 7.4 billion Swiss francs for the first ten months of 2024, achieving an annualized growth rate of 6.3%, surpassing its target range. Assets under management reached approximately CHF 159 billion, with a net profit exceeding CHF 260 million. The company continues to progress ahead of its Strategy 2025 goals, despite falling short of analysts' expectations for new assets.
MarketScreener
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
07:57 20.11.2024
efg international reports strong client fund growth and rising assets
EFG International reported a strong performance in the first ten months of 2024, raising 7.4 billion Swiss francs from wealthy clients, surpassing its growth target. The bank's assets under management increased to approximately CHF 159 billion, driven by new client advisors and favorable market conditions, while net profit exceeded CHF 260 million. CEO Giorgio Pradelli noted that the firm is ahead of schedule in executing its 2025 strategy plan.
MarketScreener
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
07:47 20.11.2024
efg international explores acquisitions amid strong profit growth and cash inflows
EFG International is exploring potential acquisitions as it aims to surpass last year's record profit, having already achieved over 260 million Swiss francs in net profit in the first ten months of 2024. CEO Giorgio Pradelli noted strong cash inflows and a rise in assets under management to 159 billion francs, driven by increased client activity amid market volatility. The bank is collaborating with investment banks to identify targets, focusing on areas where it can achieve cost savings and ensuring a cultural fit.
Yahoo Finance
Swiss Franc EFG International AG AUS CHE GBR Giorgio Pradelli Show more
TradFi, News Article
07:29 20.11.2024
efg international reports strong profit and asset growth in 2024
EFG International reported a net profit exceeding 260 million Swiss francs ($294.18 million) for the first 10 months of 2024, compared to 303.2 million francs for the entire year of 2023. The bank experienced strong inflows, with net new assets of 7.4 billion francs, leading to an annualized growth rate of 6.3%. By the end of October, assets under management reached CHF 159 billion, up from CHF 142.2 billion at the end of 2023.
Zonebourse
Swiss Franc EFG International AG CHE
TradFi, Market Report
07:29 20.11.2024
efg international reports over 260 million francs profit in ten months
EFG International reported a net profit exceeding 260 million Swiss francs ($294.18 million) for the first 10 months of 2024, compared to 303.2 million francs for all of 2023. The bank experienced strong cash inflows, with net new assets of 7.4 billion francs, leading to an annualized growth rate of 6.3%. Assets under management increased to 159 billion francs by the end of October, up from 142.2 billion francs at the end of 2023.
MarketScreener
Swiss Franc EFG International AG CHE John Revill Miranda Murray
TradFi, Market Report
07:29 20.11.2024
efg international reports over 260 million swiss franc profit in 2024
EFG International reported a net profit exceeding 260 million Swiss francs ($294.18 million) for the first 10 months of 2024, compared to a full-year profit of 303.2 million francs in 2023. The bank experienced strong cash inflows, with net new assets of 7.4 billion francs, leading to an annualized growth rate of 6.3%. Assets under management increased to 159 billion francs from 142.2 billion francs at the end of 2023.
reuters.com
Swiss Franc EFG International AG CHE John Revill Miranda Murray
TradFi, Market Report
07:29 20.11.2024
efg reports strong net inflows and profit growth in 2024
EFG reported robust net inflows of 7.4 billion Swiss francs ($8.4 billion) in the first ten months of 2024, surpassing its growth target with a 6.3% annualized rate. All regions contributed to this growth, particularly Asia Pacific and Latin America, while total assets under management reached approximately 159 billion francs. Despite a decline in net profit to 260 million francs compared to 303.2 million francs in 2023, the bank"s strategic investments and client trust have driven strong performance.
finews.asia
Swiss Franc EFG International AG CHE Giorgio Pradelli
TradFi, Market Report
07:21 20.11.2024
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