The front tax profit increased from 9.1% to 185.2 million, with a relating margin of 51.7% after 53.5%. Net profit was raised from 9.4% to 158.2 million, and the related margin increased from 45.6% to 44.2%.
The Swissquote online bank recorded results increasing at mid-term. Taking advantage of the volatility of the market, she notably saw her customer assets inflate after a net influx of new record capital. The Gland establishment has raised its annual objectives.
From January to June, income increased by 13.0% to 358.2 million francs compared to the same period a year earlier, a statement published on Thursday. Revenues from commissions jumped from 26% to 109.5 million, while revenue related to interest rates fell 1.5% to 108.1 million.
The front tax profit increased from 9.1% to 185.2 million, with a relating margin of 51.7% after 53.5%. Net profit was raised from 9.4% to 158.2 million, and the related margin increased from 45.6% to 44.2%.
Customer assets reached 80.4 billion on June 30, 18.1% more. In total, the collection reaches 5.2 billion (+36.5%), after 3.8 billion on the same date in 2024.
These figures partially respond to the AWP consensus, whose analysts were tabling on a net profit of 161.6 million and customer assets of 80.4 billion.
The Glandois establishment claims a total number of accounts of 708,393 to the end of June, an increase of 16% over a year. By adding the accounts of the neo-banque Yuh, acquired in July, the total reaches more than a million accounts administered.
For the rest of the operations, Swissquote has revised its goals up. Net profit is expected at 700 million, after 675 million in the previous targets, and a before tax profit of 365 million, against 355 million.
