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Swissquote exceeds expectations and posts record year
At the time of the publication of its figures for the first half of 2020, Swissquote announced a sharp upward revision of its forecast for the full year 2020, expecting to generate a pre-tax profit of CHF 100 million on revenues amounting to CHF 300 million. With total net revenues surging to at least CHF 315 million and a pre-tax profit above CHF 105 million, the revised forecast figures were far exceeded. Thanks to strong client growth and organic net new money inflow of CHF 5.3 billion, client assets rose to an alltime high of CHF 39.8 billion. Swissquote thus achieves the best result in its history and aims to ... (full story)