Swedbank has just released its Q2 17 earnings. Total income at SEK10.4bn is 3.3% higher than expectations (and our expectations) driven by both core revenues and trading income. Total expenses were slightly above expectations (+0.7%) at SEK3.97bn and loan losses were slightly better than forecast. Profit before tax is therefore 6% higher than expectations at SEK6.03bn. The CET1 ratio at 24.6% is 40bp higher qoq (and above the 22% capital requirement).
19 Jul 2017
Another strong quarter...
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Another strong quarter...
Swedbank AB Class A (FRYA:FRA) | 0 0 0.3% | Mkt Cap: 233,306m
- Published:
19 Jul 2017 -
Author:
Farhad Moshiri -
Pages:
3
Swedbank has just released its Q2 17 earnings. Total income at SEK10.4bn is 3.3% higher than expectations (and our expectations) driven by both core revenues and trading income. Total expenses were slightly above expectations (+0.7%) at SEK3.97bn and loan losses were slightly better than forecast. Profit before tax is therefore 6% higher than expectations at SEK6.03bn. The CET1 ratio at 24.6% is 40bp higher qoq (and above the 22% capital requirement).