SRBANK reported a Q4 EPS ~23% below expectation, Q4 ROE was 8.3%
Miss driven by trading line, higher costs and higher credit losses
Softened by a higher DPS (NOK 5.5), but overall on the weak side
We expect a negative share price reaction
05 Feb 2020
Weak report with miss on costs and losses
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Weak report with miss on costs and losses
SRBANK reported a Q4 EPS ~23% below expectation, Q4 ROE was 8.3%
Miss driven by trading line, higher costs and higher credit losses
Softened by a higher DPS (NOK 5.5), but overall on the weak side
We expect a negative share price reaction