0800 GMT - Swedbank's better-than-expected profit in the third quarter and expectations for costs could trigger increases to consensus estimates, JPMorgan analysts say in a research note. The Swedish lender expects costs in the second half to be broadly in line with the first half excluding foreign-exchange effects. This came alongside a better-than-expected net profit that reflected good net interest income, fee income and costs, JPM says. Net interest income is the difference between what banks earn and pay on interest rates. As a result, consensus expectations on Swedbank's net profit could be increased by a mid single-digit percentage, according to JPM. Shares jump 5.2%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
October 23, 2024 04:01 ET (08:01 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。