April 25, 2024 05:47 GMT
Swedbank Results Initial Reaction: Beat On Loan Losses
FINANCIALS
Swedbank 1Q24 results headlines - revenues are broadly inline overall, loan losses well below (like Swedish peers yesterday... SEK144m vs. est. 517m) and net income 3% better than expected:
- Swedbank 1Q Net Interest Income SEK 12.6 Bln (cons: 12.8)
- Swedbank 1Q CET1 Ratio 19.3% Vs. 18.3% a Year Ago (cons: 19.4%)
- Swedbank 1Q Net Pft SEK8.43B (cons: 8.17bn)
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