Swedish Bank SEB Third Quarter Profit Misses Forecast
Swedish banking group SEB reported a third quarter net profit below expectations and paused share buybacks. The decision follows continued loan growth and temporarily higher capital requirements.
Xurve View
Insights:
Xurve View
SKANDINAVISKA ENSKILDA BAN-A reported a third-quarter net profit of 7.50 billion Swedish crowns ($758.70 million), missing the 7.91 billion mean forecast by analysts. The drop stems from loan growth and regulatory capital pressures in Sweden. The earnings miss prompted management to freeze share buybacks during Thursday morning trade.
