16 Jul 2024

Arctic FLASH: Swedbank - Somewhat low quality beat, but strong print on capital

Swedbank AB Class A (SWED.A:OME), 0 | Swedbank (SWED-A:STO), 0

- Roy Tilley | Martin Schei Nilsen
- 11 pages

Q2 EPS of SEK 7.64 vs ARCe/Cons SEK 7.1. Q1 reported ROE 17.5%Somewhat low quality EPS beat driven by trading and net loan loss reversalsVery strong print on capital, CET 1 ratio 20.1% with a ~500bps mgmt. bufferShould be fairly neutral on estimates, but overall a good report

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Arctic FLASH: Swedbank - Somewhat low quality beat, but strong print on capital

Swedbank AB Class A (SWED.A:OME), 0 | Swedbank (SWED-A:STO), 0

Published: 16 Jul 2024
Author: Roy Tilley | Martin Schei Nilsen
Pages: 11

Q2 EPS of SEK 7.64 vs ARCe/Cons SEK 7.1. Q1 reported ROE 17.5%Somewhat low quality EPS beat driven by trading and net loan loss reversalsVery strong print on capital, CET 1 ratio 20.1% with a ~500bps mgmt. bufferShould be fairly neutral on estimates, but overall a good report

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