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EFG seen up after announcing 2028 targets
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EFG International's shares are expected to rise by 4% in pre-market trading after the Swiss wealth manager announced its 2028 targets. The company aims for a 20% return on tangible equity by 2028, up from 15-18%, while maintaining a net asset growth rate of 4-6%. EFG also plans cost savings of 70-80 million Swiss francs over three years. Vontobel views the targets as a continuation of previous plans, with cost reductions aiding technology investments. EFG shares have risen 30% year-to-date.
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