Handelsbanken reported good Q4 21 results, although it was mixed compared to consensus, as earnings showed a good surprise on costs but a disappointment on revenue, with both NII and fees displaying lesser progression than expected. The dividend was disappointing too, with no buy-backs announced, especially given the huge capital buffer available for distributions. No news-breaking update was given on Finland and Denmark, as the selling process was still ongoing.
14 Feb 2022
Good results but too conservative capital management
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Good results but too conservative capital management
- Published:
14 Feb 2022 -
Author:
Farhad Moshiri -
Pages:
3
Handelsbanken reported good Q4 21 results, although it was mixed compared to consensus, as earnings showed a good surprise on costs but a disappointment on revenue, with both NII and fees displaying lesser progression than expected. The dividend was disappointing too, with no buy-backs announced, especially given the huge capital buffer available for distributions. No news-breaking update was given on Finland and Denmark, as the selling process was still ongoing.