Q3 EPS SEK 3.64 vs ARCe/Cons 3.43/3.30. Reported ROE 15.6%Beat driven by higher NII, lower opex and net loan loss reversalsCET 1 ratio in line, but higher dividend accrual implies upside to FY24 DPSSolid report overall with beat in the right places – expect share to outperform

23 Oct 2024
Arctic FLASH: Svenska Handelsbanken - Encouraging development in margins and costs

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Arctic FLASH: Svenska Handelsbanken - Encouraging development in margins and costs
- Published:
23 Oct 2024 -
Author:
Roy Tilley | Martin Schei Nilsen -
Pages:
11 -
Q3 EPS SEK 3.64 vs ARCe/Cons 3.43/3.30. Reported ROE 15.6%Beat driven by higher NII, lower opex and net loan loss reversalsCET 1 ratio in line, but higher dividend accrual implies upside to FY24 DPSSolid report overall with beat in the right places – expect share to outperform