August 21, 2024 06:43 GMT
FINANCIALS: Sydbank 2Q24 Headlines: Small Beat, Likely Spread Neutral
FINANCIALS
Sydbank (SYDBDC: A3 pos) headlines include a small (1%) revenue beat, a 2% pre-tax beat and loan losses in line. CET1 was 10bp below consensus but, overall, appear solid and non-credit moving.
- “*SYDBANK 2Q NET INCOME DKK763M, EST. DKK738.3M
- *SYDBANK 2Q TOTAL INCOME DKK1.86B, EST. DKK1.84B
- *SYDBANK STILL SEES FY NET DKK2.80B TO DKK3.10B, EST. DKK3.03B “ - BBG
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