Julius Baer Gruppe AG

BAER: XSWX (CHE)
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Julius Baer Earnings: Loan Review Uncertainty Weighs on Undervalued but Profitable Franchise

Julius Baer reported a 12% drop in adjusted profit before tax compared with last year, entirely due to the CHF 130 million loan loss provisions it guided in May. Management expects to complete its loan book review in the coming months.

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