Valiant tops Q4 forecasts, announces CHF75m buyback and succession plan
Valiant reported stronger-than-expected fourth-quarter results, with operating income 2% ahead of forecasts and pre-tax profit of CHF62 million, 14% above expectations. The bank set aside CHF4 million in reserves, delivered net income of CHF46 million versus a CHF44 million consensus, and unveiled a CHF75 million share buyback to run over three yea…