Strong Q2 beat driven by falling loan losses while NII increases. Adj. EPS raised by 4-5% for 2024-2025e. Awaiting a better entry, reiterate HOLD, TP of SEK 40 (38).

13 Jul 2023
Macro uncertainty limits upside

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Macro uncertainty limits upside
- Published:
13 Jul 2023 -
Author:
ABGSC Financials Research | Patrik Brattelius | Jan Erik Gjerland -
Pages:
10 -
Strong Q2 beat driven by falling loan losses while NII increases. Adj. EPS raised by 4-5% for 2024-2025e. Awaiting a better entry, reiterate HOLD, TP of SEK 40 (38).