Free Trial

Erste 1Q24: Profit Beat, CET1 Small Miss, Guidance Appears Unchanged

FINANCIALS

Erste Bank 1Q24 headlines (ERSTBK: A1/A+/A) look positive (revenues 4% above expectations, profit 12% above) but CET1 has missed. Spreads have performed well YTD but market was looking for a revenue upgrade, we feel and this is not immediately evident.


Keep reading...Show less
83 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Erste Bank 1Q24 headlines (ERSTBK: A1/A+/A) look positive (revenues 4% above expectations, profit 12% above) but CET1 has missed. Spreads have performed well YTD but market was looking for a revenue upgrade, we feel and this is not immediately evident.


Keep reading...Show less