April 24, 2024 05:33 GMT
SEB 1Q24: Credit Losses Positive, CET1 Miss, Net Profit Beat On Good Revenues
FINANCIALS
SEB 1Q24 headlines; conversely against SHBA, a beat on better revenues but alongside positive credit losses, albeit small miss on CET1. Better for equity, more mixed for credit. More to follow:
- SEB CET1 RATIO 18.9%, EST. 19.3%
- SEB 1Q PROVISION FOR CREDIT LOSSES SEK73M, EST. SEK510.3M
- SEB 1Q NET INCOME SEK9.50B, EST. SEK8.87B
- SEB 1Q NET INTEREST INCOME SEK11.77B, EST. SEK11.97B
- SEB 1Q TOTAL OPERATING INCOME SEK20.68B, EST. SEK19.66B
- SEB 1Q OPER PROFIT SEK12.32B, EST. SEK11.19B
Keep reading...Show less
70 words