Baader Bank AG/€BWB
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Capital at risk
About Baader Bank AG
Baader Bank AG is a financial services provider based in Germany, primarily operating in the banking and capital markets sectors. The company offers a range of services including investment banking, asset management, and securities trading. Founded in 1983, Baader Bank has established itself as a key player in the German stock exchange sector. Headquartered in Unterschleissheim, near Munich, the bank serves clients across Europe with a focus on enhancing its trading technology and infrastructure. Baader Bank's competitive strengths lie in its expertise in electronic trading and its comprehensive offering tailored to institutional clients.
- Ticker
- €BWB
- Sector
- Finance
- Primary listing
- XETRA
- Employees
- 677
- Headquarters
- Unterschleissheim, Germany
- Website
- www.baaderbank.de
Baader Bank AG Metrics
BasicAdvanced
€335M
11.16
€0.61
0.75
€0.20
2.94%
Price and volume
Market cap
€335M
Beta
0.75
52-week high
€7.32
52-week low
€5.90
Average daily volume
22K
Dividend rate
€0.20
Financial strength
Profitability
Gross margin (TTM)
53.46%
Net profit margin (TTM)
6.08%
Operating margin (TTM)
4.93%
Effective tax rate (TTM)
28.87%
Revenue per employee (TTM)
€720,000
Management effectiveness
Valuation
Price to earnings (TTM)
11.161
Price to revenue (TTM)
0.679
Dividend yield (TTM)
2.94%
Forward dividend yield
2.94%
Growth
Revenue change (TTM)
24.78%
Earnings per share change (TTM)
-34.88%
3-year revenue growth (CAGR)
13.05%
10-year revenue growth (CAGR)
13.97%
3-year earnings per share growth (CAGR)
63.59%
10-year earnings per share growth (CAGR)
11.23%
Bulls say / Bears say
Baader added 138,000 securities accounts in the first half, taking the total to 1.266 million, while managed customer assets rose to €49.2 billion from €33.2 billion at year-end 2025. That growth suggests its B2B2C business is rebuilding after a major partner departure. (Baader Bank)
Baader is broadening its distribution: it started a partnership with RoboMarkets and deepened its OSKAR relationship, including plans to provide infrastructure for a retirement savings account from 2027. These channels could add customer and trading volumes over time. (Baader Bank, Baader Bank)
Baader says it increased its market-making share across asset classes even as trading volumes were broadly flat over the first nine months. Its planned 23-hour weekday trading service from 2027 could help it capture more activity. (Baader Bank)
Nine-month pre-tax profit fell to €25.6 million from €57.1 million and total income was down 16% year on year. Management still expects 2026 pre-tax profit to remain significantly below 2025. (Baader Bank, Baader Bank)
The Scalable Capital relationship ended and Baader also lost its long-running Stuttgart foreign-share trading contract; the latter had made a significant contribution to earnings. Replacing these lost volumes remains a challenge despite growth elsewhere. (Börsen-Zeitung, Börsen-Zeitung)
Baader reports stronger competition putting pressure on market-making margins, while other operating expenses rose to €85.3 million from €77.0 million as it invested in new services. Those costs may weigh on returns before the planned growth initiatives generate meaningful income. (Baader Bank, Die Privatbank)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.
Baader Bank AG Financial Performance
Revenues and expenses
Baader Bank AG Earnings Performance
Company profitability
Upcoming events
No upcoming events
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.