Markets don't help but client growth is a sustainability guarantor
TARGET CHANGE
CHANGE IN TARGET PRICE CHF 186 vs 211 -11.8%
We reduce our TP integrating the last financials.
The cut is mainly driven by reduced revenue expectations from crypto assets. Tumbling equity markets also have a negative impact on clients’ assets.
On the other hand, we continue to expect strong client asset inflows on the back of client account openings. Coupled with higher interest rates, this should partly ....
28 Sep 2022
Markets don't help but client growth is a sustainability guarantor (Swissquote Group Holding)
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Markets don't help but client growth is a sustainability guarantor (Swissquote Group Holding)
Swissquote Group Holding Ltd. (SQN:SWX) | 0 0 0.0%
- Published:
28 Sep 2022 -
Author:
Grégoire Hermann -
Pages:
2
Markets don't help but client growth is a sustainability guarantor
TARGET CHANGE
CHANGE IN TARGET PRICE CHF 186 vs 211 -11.8%
We reduce our TP integrating the last financials.
The cut is mainly driven by reduced revenue expectations from crypto assets. Tumbling equity markets also have a negative impact on clients’ assets.
On the other hand, we continue to expect strong client asset inflows on the back of client account openings. Coupled with higher interest rates, this should partly ....