It's Julius Baer's Best Half Year Ever, CEO Says

The transcript discusses JB's strong performance in the first half of the year, with net new money exceeding expectations due to last year's hiring momentum. The sustainability of this growth is questioned, especially with a 23% drop in trading income. However, the outlook remains positive, with clients returning to the market and central banks' actions supporting private banking activities. Market sentiment is improving, and clients are preparing for potential volatility.

What was a key factor contributing to JB's strong financial performance in the first half of the year?

• Decrease in assets under management

• Reduction in net new money

• Good hiring momentum from last year

• Increased trading income

How did JB's net new money perform compared to their expectations?

• It was not mentioned

• It exceeded expectations

• It met expectations

• It was below expectations

What is the current status of JB's trading income?

• It has decreased by 23%

• It has increased by 23%

• It remained stable

• It was not discussed

What is the outlook for net money according to the discussion?

• It is expected to be positive

• It is expected to be negative

• It is expected to decline

• It is expected to remain stable

How are clients reacting to the current market sentiment?

• They are becoming more cautious

• They are indifferent

• They are showing increased positivity

• They are withdrawing from the market