Julius Baer Group shares plunged nearly 9% on Friday. The Swiss wealth manager reported a slowdown in client money inflows for the first four months of 2026.
Net new money totaled 3 billion Swiss francs ($3.81 billion). This represents an annualized growth rate of 1.7%. The result missed analyst expectations of over 5 billion francs. This performance also trailed the 2.7% growth rate recorded in the second half of 2025.
Management cited a revised risk framework and client deleveraging for the shortfall. Geopolitical uncertainty in the Middle East also impacted results. However, the bank reported an adjusted pre-tax profit of 598 million Swiss francs. Robust margins helped this profit figure exceed market expectations.