Swedish lender Swedbank reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%.
Register now for FREE unlimited access to Reuters.comreported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%.
Pandemic curbs are already being eased in some markets, limiting the damage to economies also battling resurgent inflation that has put interest rates on an upward trajectory for the first time in years. Shares in the bank were down 4.2% at 0857 GMT, underperforming a 0.3% gain for the European banking indexCommission income rose by a better than expected 19% to 4.02 billion crowns, but interest income including mortgages dipped 0.3% to 6.55 billion crowns compared with analyst expectations of 6.62 billion crowns.
Net credit impairments were positive to the tune of 67 million crowns, implying reversals of previously projected losses, but the hard-to-predict gains on financial items fell 71% on the year, dented by the lower fixed-income trading.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Income-driven student-loan forgiveness has 'exorbitant interest': reportStudent-loan borrowers with higher debt loads are more likely to get forgiveness through income-driven plans — but they'll have to pay 'exorbitant interest,' report finds
Weiterlesen »
UPS offers brighter view after 'outstanding' 2021, shares hit record highUnited Parcel Service Inc projected 2022 revenue above market expectations and doled out its biggest dividend boost on Tuesday, as the logistics giant posted record annual earnings on the back of a pandemic-driven surge in online shopping and labor shortages.
Weiterlesen »
One-Fifth of American Adults Considering Buying Bitcoin: SurveyMost Bitcoin owners expect the top cryptocurrency to fully recover in 2022, according to a MorningConsult survey
Weiterlesen »
Inflation Policies Must Deal With Impact of Rising Food Prices on the PoorA universal basic income funded through a progressive tax structure would be a long-term dampening mechanism on inflation driven by external costs.
Weiterlesen »
What will we owe in taxes on the sale of our N.J. home?The sale of a home may increase your taxable income.
Weiterlesen »
Investors Sour on Muni FundsSpurred by expectations for rising interest rates, investors pulled $1.4 billion from municipal bond funds in the week ended last Wednesday, the biggest weekly outflow since the early days of the pandemic
Weiterlesen »