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“The operating profit guidance is clearly below (expectations).”
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“Sales look fine, but otherwise the numbers are rather disappointing, also due to higher expenses.”
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“The figures are a notch better, but valuation is stretched. Therefore, we still prefer other private banks.”
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“(It is) an acquisition which we would value as 'not really expensive.”
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“Especially the sales performance in Europe was stronger than expected. The impact of alleged product problems did not really hurt sales in Europe.”
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“The company reached its own forecasts for the first quarter 2006 and confirmed its outlook for the second quarter.”
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