Q1'25: Adj PTP -8% vs. ABG from weaker NII, better AQ and just soft opex. Up its ROE guidance as a Swedish bank and to launch refi product in Norway. Cons revision minor down: 0-2%, stock could be 0% to +2% on new guidance

08 May 2025
Up its ROE guidance to 15-17% (as a Swedish bank)

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Up its ROE guidance to 15-17% (as a Swedish bank)
- Published:
08 May 2025 -
Author:
ABGSC Financials Research | Patrik Brattelius | Jan Erik Gjerland | Fredrik Flørnes Støle -
Pages:
7 -
Q1'25: Adj PTP -8% vs. ABG from weaker NII, better AQ and just soft opex. Up its ROE guidance as a Swedish bank and to launch refi product in Norway. Cons revision minor down: 0-2%, stock could be 0% to +2% on new guidance