Swedbank Q3 Net Profit Meets Forecasts
Swedbank reported a third quarter net profit of 8.25 billion crowns matching analyst forecasts despite a slight decline from last year. The Swedish banking group noted a positive business climate across its core markets.
Insights:
Swedbank reported third-quarter net profit fell 3% to 8.25 billion Swedish crowns ($834.74 million), matching analyst forecasts. The lending institution posted a positive business climate during the period despite operating profit dipping. Results arrive as the bank projects stronger economic momentum across the Baltic region compared to the euro area.
