SEB disclosed this morning its numbers for Q2 18. Total income at SEK11.9bn was 5% above consensus expectations and 3% above ours. The beat was driven by core revenues, both net interest income and fees/commissions respectively 7.7% and 6.5% higher than expected. Total expenses at SEK5.52bn were slightly higher than expected (+0.6%) and in line with our expectations. Profit before loan losses at SEK6.38bn was therefore 9% above expectations and 5% above ours. The CET1 ratio at 19.3% is 10bp l
17 Jul 2018
A strong set of results...
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A strong set of results...
Skandinaviska Enskilda Banken AB Class A (SEBA:FRA) | 0 0 0.5% | Mkt Cap: 212,477m
- Published:
17 Jul 2018 -
Author:
Farhad Moshiri -
Pages:
3
SEB disclosed this morning its numbers for Q2 18. Total income at SEK11.9bn was 5% above consensus expectations and 3% above ours. The beat was driven by core revenues, both net interest income and fees/commissions respectively 7.7% and 6.5% higher than expected. Total expenses at SEK5.52bn were slightly higher than expected (+0.6%) and in line with our expectations. Profit before loan losses at SEK6.38bn was therefore 9% above expectations and 5% above ours. The CET1 ratio at 19.3% is 10bp l