We make minor changes to our estimates ahead of Q4 reporting, lifting our FY26/27 EPS by 1% while we cut our FY25 total DPS estimate from SEK 15.0 to SEK 13.0 as we get the sense that SHB won’t move down into its 1-3% target buffer capital range just yet. For Q4 we expect NII to decline 3.5% q/q on lower rates and minor fx headwinds, but this should be partially offset by seasonally higher NCI and a better trading result. We expect loan losses to remain close to zero, but as noted in previous re ....
