SEB released last Wednesday its Q2 21 numbers. These were all better than expected be it at the total income or the total expenses level as well as the loan losses level. Regarding total income, numbers were also better than expected across-the-board (NII, fees/commissions or trading income). We will revise upwards our EPS going into 2021 and 2022 even if part of the beat could not be considered as a normal level. The CET1 ratio was about 850bp above capital requirements.
19 Jul 2021
Much better than expected
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Much better than expected
Skandinaviska Enskilda Banken AB Class A (SEB.A:OME), 0 | Skandinaviska Enskilda Banken AB Class C (0GUX:LON), 0
- Published:
19 Jul 2021 -
Author:
Farhad Moshiri -
Pages:
3
SEB released last Wednesday its Q2 21 numbers. These were all better than expected be it at the total income or the total expenses level as well as the loan losses level. Regarding total income, numbers were also better than expected across-the-board (NII, fees/commissions or trading income). We will revise upwards our EPS going into 2021 and 2022 even if part of the beat could not be considered as a normal level. The CET1 ratio was about 850bp above capital requirements.