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Economic news

Handelsbanken’s second-quarter operating profit misses forecasts

07/15/2022

Less than a minute

2022.07.15 08:34

Handelsbanken's second-quarter operating profit misses forecasts
FILE PHOTO: A branch of Handelsbanken is seen in Wilmslow, Britain January 12, 2015. REUTERS/Phil Noble

STOCKHOLM (Reuters) – Swedish bank Handelsbanken reported a second-quarter profit well below forecasts on Friday.

Operating earnings at the 150-year-old rival to Swedbank, SEB and Nordea fell to 5.25 billion Swedish crowns ($496.80 million) from 5.67 billion crowns a year ago. The mean forecast in Refinitiv poll of analysts had been for a 6.00 billion crown profit.

($1 = 10.5676 Swedish crowns)

Source

07/15/2022

Less than a minute