Germany's Baader Bank nine-month profit drops on partner loss

Baader Bank AG

Thu 06:41

Overview
Germany's securities and banking provider's preliminary nine-month pretax profit fell sharply yr/yr
Total income for the period declined 16% from the prior year
Results impacted by loss of major partner and increased competition

Outlook
Baader Bank plans to extend trading hours to 23 hours a day from Q1 2027
Company to announce further details on new trading hours and tradable universe later
Company continues to expand digital assets and crypto trading offering

Result Drivers
PARTNER LOSS - Co said loss of major cooperation partner at start of 2026 weighed on results
COMPETITION PRESSURE - Co said stronger competition reduced margins despite increased market share
INVESTMENT COSTS - Higher operating expenses driven by investments in product range and trading hours extension

Company press release: ID:nEQ4kr6Qca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Net Interest Income
 
EUR 26 mln
 
9M Pretax Profit
 
EUR 25.60 mln
 

Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the investment banking & brokerage services peer group is "buy."
Wall Street's median 12-month price target for Baader Bank AG is €7.30, about 8.6% above its October 28 closing price of €6.72
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Oct 28 - Deutsche Bank Q3 profit hits record on loan, deposit growth
Oct 28 - Jyske Bank nine-month core income down 3% on lower value adjustments
Oct 28 - Deutsche Bank profit tops forecast despite investment bank revenue drop 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)