Handelsbanken released last Thursday its numbers for Q2 21. These were mostly in line with expectations while a much lower level of loan losses has helped the bank to beat the consensus at the net profit level (+12% above expectations). We will only slightly change our EPS on the back of lower impairements (and a higher level of fees/commissions). The CET1 ratio was 30bp higher qoq and in line with expectations, 650bp above capital requirements. Guidance regarding the cost-cutting programme is u ....
19 Jul 2021
Unchanged underlying trends
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Unchanged underlying trends
- Published:
19 Jul 2021 -
Author:
Farhad Moshiri -
Pages:
2
Handelsbanken released last Thursday its numbers for Q2 21. These were mostly in line with expectations while a much lower level of loan losses has helped the bank to beat the consensus at the net profit level (+12% above expectations). We will only slightly change our EPS on the back of lower impairements (and a higher level of fees/commissions). The CET1 ratio was 30bp higher qoq and in line with expectations, 650bp above capital requirements. Guidance regarding the cost-cutting programme is u ....