Julius Baer posts 50% rise in 2020 profit on booming markets and wealthy clients

Zurich  —  Julius Baer posted a 50% rise in 2020 net profit on Monday and said it planned a share buyback, as booming markets and strong client trading helped the Swiss wealth manager overshoot its midterm targets.

But shares fell 2.7% in Zurich, as analysts said low and negative interest rates were likely to weigh on the group and strong client trading was unlikely to maintain its bumper pace...

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