EFG International AG (0QJX.L)
| Previous close | 13.12 |
| Open | 12.84 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 12.82 - 12.84 |
| 52-week range | 8.05 - 12.84 |
| Volume | |
| Avg. volume | 20,305 |
| Market cap | 3.715B |
| Beta (5Y monthly) | 0.40 |
| PE ratio (TTM) | 0.22 |
| EPS (TTM) | 0.59 |
| Earnings date | 24 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ReutersSwiss lender EFG posts 10% rise in net profit, robust inflows
Swiss private bank EFG International said on Wednesday net profit grew by 10% to a record 162.8 million Swiss francs ($182.7 million) in the first half of 2024, posting target-beating asset inflows over the period. EFG said inflows had reached 5.2 billion francs by the end of June for an annualised growth rate of 7.3%, exceeding its target range of 4‑6%, as CEO Giorgio Pradelli said the bank aimed to pursue acquisitions if conditions are right. "Over the next few months, we will leverage our extended platform to translate the strong net new asset inflows that we are now seeing into higher revenues and into a further increase of our profits," Pradelli said in a statement.
ReutersExclusive-Regulatory concerns stopped Julius Baer, EFG takeover talks, sources say
Swiss regulatory concerns scuppered talks between private banks Julius Baer and EFG International over a potential tie-up worth some 15 billion Swiss francs ($17 billion), two sources with knowledge of the matter told Reuters. The two banks held talks in early 2024 and reached an agreement in principle, the sources said on Tuesday, speaking on condition of anonymity because of the sensitivity of the matter. But financial regulator FINMA signalled that it had concerns about the potential deal, the sources said.
ReutersShares in Swiss bank EFG jump on renewed takeover speculation
Shares in Swiss bank EFG International rose by as much as 10% on Thursday fuelled by a media report that the bank could soon be subject to a takeover bid by Swiss rival Julius Baer. Swiss financial news website Inside Paradeplatz said there was market talk Julius Baer was lining up a bid for EFG in shares and cash worth 4.5 billion Swiss francs ($5.05 billion), although it described the information as "speculation".
