The Swiss private bank reports record profit after heightened client activity boosts structured products and trading revenues during volatile first quarter, while wealth management business continues to gather assets.
Julius Baer reported record half-year earnings for the first six months of 2026 after elevated market volatility fueled client trading activity, lifting revenues from structured products alongside foreign exchange and precious metals. The Zurich-headquartered private bank posted a record net profit of CHF673m (US$832m), up 32% year-on-year on an underlying basis, while assets under management (AuM) reached an all-time high of CHF547 billion, supported by positive market performance and CHF5.7 b