You have not yet added any article to your bookmarks!
Join 10k+ people to get notified about new posts, news and tips.
Do not worry we don't spam!
Post by : Badri Ariffin
Sweden’s Handelsbanken surprised investors with a smaller-than-expected drop in third-quarter net profit, supported by loan loss reversals and resilient interest income.
The bank, which has been serving clients for over 150 years, posted a net profit of 5.95 billion Swedish crowns for Q3, down from 7.21 billion a year earlier. Analysts had forecast a sharper decline, with expectations around 5.79 billion, making the results a positive signal amid ongoing economic pressures.
Costs, long a focus for investors, continued to decline. Handelsbanken reported a 4% reduction compared to last year and a 5% fall from the second quarter, reflecting ongoing efficiency measures and tighter expense management.
This makes Handelsbanken the first of the major Stockholm-based banks to release its Q3 report. Nordea, though headquartered in Finland, also reported strong earnings last week, driven by rising lending and deposit volumes in Sweden.
Despite challenges from central bank rate cuts, Handelsbanken’s stable interest income and cautious cost controls suggest resilience in Sweden’s banking sector, offering a glimpse of stability for investors navigating a complex economic environment.
Michael Bracewell Chooses Casual Contract, Targets BBL Opportunity
Michael Bracewell moves to a casual contract as he eyes a BBL opportunity while remaining available
Tuchel Says Alex Scott Can Challenge Declan Rice for England Midfield Spot
Thomas Tuchel says Alex Scott can challenge Declan Rice for an England midfield place after his impr
Air Quality Turns Unhealthy in Central and Western Singapore Amid Haze
Singapore haze pushes PSI above 100 in central and western areas as smoke from regional hotspots rai
PM Modi Pays Tribute to Mahatma Gandhi, Urges People to Support Khadi
PM Modi pays tribute to Mahatma Gandhi on Gandhi Jayanti and urges citizens to support Khadi and the
Amazon Seeks to Offload $8 Billion in Nvidia Chips to Investors
Amazon plans to move $8 billion in Nvidia chips to investors, using a new financing model to strengt
Samsung Raises Galaxy S26 Prices as Memory Chip Costs Rise
Samsung raises Galaxy S26 prices in South Korea as rising memory chip costs put pressure on smartpho
