BAER Julius Bär Gruppe AG

Investing.com -- Morgan Stanley upgraded Swiss private bank Julius Baer to "equal-weight" from "underweight" and raised its price target to CHF 81 from CHF 67 after Swiss regulator FINMA ended enforcement action against the bank over anti-money laundering breaches.

Switzerland's financial watchdog said Tuesday the bank Julius Baer committed "serious" regulatory violations, but the wealth manager's share price surged as investors turned the page on a probe partly linked to suspected breaches of anti-money-laundering rules.It opened a second phase of the proceeding in August last year -- months after a new chief executive arrived at the firm -- looking into possible breaches of anti-money-laundering rules involving clients linked to two "politically exposed"

The regulator consolidated two proceedings, as both involved lapses in the bank’s risk management as well as culture.

Investing.com -- Julius Baer Gruppe AG (SIX:BAER) shares surged to a 52-week high on Tuesday after Swiss regulator FINMA concluded a long-running enforcement procedure covering legacy risk-management and anti-money-laundering issues.

Andreas Zingg, who currently holds the post, will leave the group on retirement after 23 years at Julius Baer.

The Clarity Act may return to the Senate but this is unlikely before the midterms, making the passage even more difficult depending on the election outcome, said Carsten Menke at Julius Baer. Opposition to the Act was unexpectedly broad, with Democrats and several Republicans voting against the bill.

Oil prices are likely to decline in the near term, Julius Baer's Norbert Rücker said in a note. "The chit-chat of the day is about exchange estimates of how much oil is transiting through the Strait of Hormuz," he added. Oil exports through the strait seems to be expanding incrementally, with estimates of up to 10 million barrels a day.

According to the report, around 40%-45% of allocations in many family offices now go to alternative assets.

The partners will create formal routes for affluent clients under the Dubai Economic Agenda, D33.

↗️ Novartis (CH:NOVN): Shares in the Swiss pharmaceutical company climbed 2% after it returned to sales growth in the second quarter, driven by some of its top-selling drugs. ↗️ General Motors (GM): The automaker raised its earnings guidance.

The Swiss wealth manager reported IFRS net profit of SFr673m ($831.2m) for the six months to June 2026.

The Zurich-based lender’s operating income jumped 26% reflecting higher net commission and fee income, which grew 12%.