Leonteq Lifts Guidance After Hot Trading Summer
Swiss boutique Leonteq lifts its profit forecast after demand for its products ran hot this summer.
Leonteq has raised this year’s profit outlook to 140-160 million Swiss francs ($151-173) from more than 100 million francs, due to «above average performance» during the summer period, it said in a statement Monday.
The structured products specialist expects solid growth in fee income and a significant rise in trading profit in the second half of 2021 compared to the same period last year, it said.
