Vontobel rises after full year earnings beat
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Shares of Vontobel rose 3.7% following the Swiss bank's announcement of better-than-expected full year earnings. Net profit reached 280 million Swiss francs, surpassing the forecast of 242 million francs. The bank also reported a 1.8% increase in net new money, with the private client segment compensating for losses in the institutional segment. Analysts attributed the earnings beat to strong performance in the structured solutions segment, which generated 180 million Swiss francs, exceeding expectations. Vontobel shares are poised for their best day since November 2023.
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