Swissquote reports record client assets but profit and revenue guidance slip
Swissquote reported a mixed first half. Client assets rose to a record CHF 96.3 billion, up nearly 20% year on year, and the online bank added 64,011 accounts for 1.22 million total, with net new money of CHF 5.1 billion. Net revenue edged up 1.7% to CHF 364.2 million, while net profit fell to CHF 153.6 million. Revenue and pre-tax profit guidance were lowered.