Swissquote shares down 5% after reporting FY-2021 results
After reporting “record results” on Thursday, why did shares of Retail FX broker Swissquote trade down by more than 5%?
SWX:SQN
Swissquote revenues down 21% in 2H-2021, profits fall 34%
Client assets at Swissquote rose above CHF 55 billion at year end, up from CHF 50.2 billion as at June 30, 2021.
Swissquote acquires Keytrade Bank Luxembourg
Keytrade Bank Luxembourg has been operating since 1999 and has 8,200 clients and EUR 1.7 billion in assets under custody.
Swissquote adds CFDs on US stocks
For the past few months, Swissquote clients have been able to trade CFDs on Swiss, German, French and British blue chip stocks.
Swissquote sponsors the UEFA Europa League
The Swissquote agreement covers perimeter advertising and hospitality at all 282 games of the UEFA Europa League.
Swissquote confirms record Revenues and Profits for 1H-2021
Swissquote recorded net revenues of CHF 264.4 million and a pre-tax profit of CHF 134.6 million in the first half of 2021.
Swissquote shares up 12% to all-time-high after posting record 1H-2021 results
At its current share price Swissquote carries a market valuation of CHF 2.33 billion (USD $2.59 billion).
Swissquote expects record results for H1 2021
Swissquote estimates net revenues for the first half year of 2021 at around CHF 260 million.
Swissquote market cap reaches CHF 2 billion
Switzerland’s leading bank in online trading services Swissquote marks a milestone, as its market capitalisation reaches CHF 2 billion.
Swissquote revenues fall 3% in 2H-2020, profits off 19%
Swissquote’s eForex trading volumes decreased slightly to average $113 billion per month from July to December 2020.
