Swissquote N

Swissquote will close about 600 accounts held by Russian nationals resident in Switzerland, mainly customers of the app Yuh. The reason is economic: additional monitoring efforts for source of funds, transactions and sanctions checks amid comparatively low returns. The bank is holding talks to identify cases in which the business relationship can be continued, for example for dual citizens or profitable customers. The announcement briefly pushed the Swissquote share to CHF 37.80 (+0.69%). » More on finanzen.net

Swissquote reported rising net revenue for H1 2026 (CHF 364.2 million) and pre-tax profit (CHF 153.6 million); client assets also climbed to a record CHF 96.3 billion with net new money of CHF 5.1 billion. However, crypto business revenues were only around CHF 14 million—well below the annual budget of CHF 85 million—which apparently weighed more heavily on investors and pushed the share down 12.11% to $37.6. Management confirmed a conservative outlook for 2026, sticks to its 2028 targets, and is relying on AI, securities lending and product diversification as growth levers. » More on de.investing.com

Swissquote reports a slight rise in net revenue for H1 2026 to 364.2 million CHF, but crypto revenues plunged by two-thirds to 14.6 million CHF due to the sharp decline in Bitcoin and other crypto assets. Pre-tax profit and net profit fell slightly to 182.9 million CHF and 153.6 million CHF, weighed down by higher costs from the full consolidation of subsidiary Yuh and investments in technology. Client assets rose strongly to 96.3 billion CHF with net inflows of 5.1 billion CHF; nevertheless the group has lowered its annual targets to net revenue of around 730 million CHF and pre-tax profit of around 365 million CHF. Swissquote expects a delayed recovery in the crypto market but remains committed to a 500 million CHF pre-tax profit target for 2028. » More on finanzen.net