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FINANCIALS: Handelsbanken: Revenue Beat, Credit Recoveries. Positive For Spreads

FINANCIALS

Handelsbanken (SHBASS: A2/A/AA) 2Q24 headlines look ahead of expectations with credit recoveries, capital in line and a revenue beat. Big contrast from 1Q24 disappointment:

  • “*HANDELSBANKEN 2Q NET INCOME SEK6.79B, EST. SEK6.27B
  • *HANDELSBANKEN 2Q CET1 RATIO 18.9%, EST. 18.9%
  • *HANDELSBANKEN 2Q NET CREDIT RECOVERIES SEK133M [est: SEK170m charge]
  • *HANDELSBANKEN 2Q NET INTEREST INCOME SEK11.75B, EST. SEK11.39B” – BBG

Conf call is 0800 (London time) at: https://edge.media-server.com/mmc/p/ccy77gx5/ 

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