Svenska Handelsbanken (SHB) released its Q1 16 earnings this morning. Revenues are in line with expectations but driven by non-core revenues. Expenses, excluding one-off items, are a bit better than expected and loan losses are much better than expected. All in all, reported operating profit is 6% lower than expectations at SEK4.97bn (versus SEK5.26bn). The CET1 ratio came in at a high 22.7% (versus 21.2% at the end of last quarter). With mixed news, the share price at the opening is therefor
20 Apr 2016
Mixed news on the Q1 16 earnings release
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Mixed news on the Q1 16 earnings release
Svenska Handelsbanken AB Class A (SVHH:FRA) | 0 0 0.4% | Mkt Cap: 224,809m
- Published:
20 Apr 2016 -
Author:
Farhad Moshiri -
Pages:
2
Svenska Handelsbanken (SHB) released its Q1 16 earnings this morning. Revenues are in line with expectations but driven by non-core revenues. Expenses, excluding one-off items, are a bit better than expected and loan losses are much better than expected. All in all, reported operating profit is 6% lower than expectations at SEK4.97bn (versus SEK5.26bn). The CET1 ratio came in at a high 22.7% (versus 21.2% at the end of last quarter). With mixed news, the share price at the opening is therefor