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Swedish bank SEB hit by drop in interest income

UPDATE 3-Swedish bank SEB hit by drop in interest income SEB Q3 net profit 9.45 bln SEK vs forecast 8.61 bln Net interest income misses forecast Profit beat driven by higher net financial income Bank affirms full year cost target Shares fall 5% Recasts paragraph 1, adds CEO and shares in 6, analyst in 7 By Niklas Pollard STOCKHOLM, Oct 24 (Reuters) - Swedish bank SEB SEBa.ST reported a bigger than expected slide in third-quarter interest income on Thursday as falling central bank rates took a to
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Assa Abloy, Kering, L'Oréal

EUROPE RESEARCH ROUNDUP-Assa Abloy, Kering, L'Oréal Oct 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Assa Abloy, Kering and L'Oréal, on Thursday. HIGHLIGHTS * Assa Abloy ASSAb.ST : Deutsche Bank raises target price to SEK 305 from SEK 300 * Barratt Redrow Plc BTRW.L : Morgan Stanley cuts target price to 580p from 600p * Dowlais Group Plc DWL.L : Citigroup raises to neutral from sell * Kering PRTP.PA : JP Morgan cuts target
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Sweden's SEB lands profit beat in face of falling interest income

CORRECTED-UPDATE 2-Sweden's SEB lands profit beat in face of falling interest income Corrects second paragraph to show net profit fell, not rose SEB Q3 net profit 9.45 bln SEK vs forecast 8.61 bln Net interest income misses forecast Profit beat driven by higher net financial income Bank affirms full year cost target By Niklas Pollard STOCKHOLM, Oct 24 (Reuters) - Swedish bank SEB SEBa.ST reported a net profit for the third quarter that beat market expectations on Thursday as higher financial inc
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STOXX 600 ends lower with earnings season in full swing

UPDATE 2-STOXX 600 ends lower with earnings season in full swing For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Deutsche Bank falls as loan loss provisions weigh Volvo Cars slides after cutting forecast on market slowdown Weak growth data raises questions about recovery, Lane says Thule tops STOXX 600 index as Q3 beats estimates Updated at 1604 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 23 (Reuters) - European shares
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Europe struggles for direction, earnings mixed

LIVE MARKETS-Europe struggles for direction, earnings mixed STOXX 600 flat Deutsche Bank, L'Oreal fall after earnings Wall St futures lower Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPE STRUGGLES FOR DIRECTION, EARNINGS MIXED European equities are mixed on Wednesday, after several corporate reports, with markets remaining on edge as the U.S.
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Husqvarna rises after slightly better-than-expected Q3, cost cutting measures

BUZZ-Husqvarna rises after slightly better-than-expected Q3, cost cutting measures ** Shares in Husqvarna HUSQb.ST rise 4.2% after Swedish gardening equipment and tools maker posted slightly better-than-expected Q3 results, and announced further cost-cutting measures due to constrained consumer spending ** The company said in a statement cost-cutti
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Swedbank, Handelsbanken jump as lower costs boost Q3 results

BUZZ-Swedbank, Handelsbanken jump as lower costs boost Q3 results ** Shares in Swedbank SWEDa.ST and Handelsbanken SHBa.ST rise 4-6% as the Swedish lenders posted better than expected quarterly profits, owing to falling costs ** Swedbank's net profit grows to 9.4 billion Swedish crowns ($891 million) in Q3, against 7.84 billion Swedish crowns expected by analysts ** Handelsbanken posts a quarterly net profit of 7.21 billion Swedish crowns ($683 million), beating the consensus estimate of 6.62 bi
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Election and Fed jitters grip markets

LIVE MARKETS-Election and Fed jitters grip markets Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com ELECTION AND FED JITTERS GRIP MARKETS The rising odds of a Trump presidency in a still-too-tight-to-call U.S. election and shifting expectations of the Federal Reserve being less aggressive in its easing has left investors nervous, leading to safe assets dollar and gold soaring.
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Swedbank Q3 NII Up At SEK 12,229 Mln

BRIEF-Swedbank Q3 NII Up At SEK 12,229 Mln Oct 23 (Reuters) - Swedbank AB SWEDa.ST : STRONG QUARTER FURTHER SUPPORTED BY POSITIVE ONE-OFF AND TIMING EFFECTS Q3 CREDIT IMPAIRMENTS SEK 271 MILLION LOOKING AT OUR HOME MARKETS, THE SITUATION IS MIXED WILL REACH ITS LONG-TERM TARGET OF A RETURN ON EQUITY OF AT LEAST 15 PER CENT BY 2025 Q3 NET COMMISSION
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Swedbank's Q3 net profit rises boosted by one-off effects

UPDATE 4-Swedbank's Q3 net profit rises boosted by one-off effects Swedbank Q3 results better than expected Q3 net profit SEK 9.1 bln vs. forecast of 7.8 bln Result helped by one-offs, cost cuts Recasts with analyst comment, share price reaction, adds bullet points By Johan Ahlander STOCKHOLM, Oct 23 (Reuters) - Sweden's Swedbank SWEDa.ST reported third quarter net profit above expectations on Wednesday, helped by cost cuts and one-off effects.
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Swedbank's Q3 net profit beats expectations

REFILE-Swedbank's Q3 net profit beats expectations Corrects typo in media packaging code; no changes to text STOCKHOLM, Oct 23 (Reuters) - Swedish banking group Swedbank SWEDa.ST reported a third-quarter net profit above expectations on Wednesday, boosted by one-off effects. Reporting by Johan Ahlander, editing by Anna Ringstrom
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Handelsbanken lands profit beat as cost crunch driven back

UPDATE 3-Handelsbanken lands profit beat as cost crunch driven back Handelsbanken Q3 net profit 7.21 bln SEK vs forecast 6.62 bln Costs fall 7% sequentially in quarter Interest income also slightly above forecast Bank books net credit reversals in quarter Recasts first paragraph, adds details in paragraphs 5 and 9 By Niklas Pollard STOCKHOLM, Oct 23 (Reuters) - Swedish bank Handelsbanken SHBa.ST reported third-quarter net earnings that beat market expectations on Wednesday, driven by a sequentia
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Election and Fed jitters grip markets

MORNING BID EUROPE-Election and Fed jitters grip markets A look at the day ahead in European and global markets from Ankur Banerjee The rising odds of a Trump presidency in a still-too-tight-to-call U.S. election and shifting expectations of the Federal Reserve being less aggressive in its easing has left investors nervous, leading to safe assets dollar and gold soaring.
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Nordea CEO flags price war in Sweden as lenders battle for market share

Nordea CEO flags price war in Sweden as lenders battle for market share By Jesus Calero and Elviira Luoma Oct 17 (Reuters) - Nordea NDAFI.HE has seen aggressive pricing behaviour among Nordic banks, especially in Sweden, as they compete for customers amid softening loan demand, the CEO of the region's biggest lender said on Thursday. Competition in Nordea's key markets is intensifying, with lenders chasing market share in both retail and corporate banking as the economy stagnates.
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Kepler cuts Vestas to 'hold', cites risks in 2025-2026 projections

BUZZ-Kepler cuts Vestas to 'hold', cites risks in 2025-2026 projections ** Kepler Cheuvreux downgrades Danish wind turbine maker Vestas Wind Systems VWS.CO to "hold" from "buy", lowers TP to DKK 150 from DKK 180, highlighting risks to the company's 2025-2026 projections ** The broker highlights concerns about volume risks in South America due to Ch
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Handelsbanken turns cautious on Nordic banks amid short-term risks

BUZZ-Handelsbanken turns cautious on Nordic banks amid short-term risks ** Handelsbanken cuts ratings on Swedbank SWEDa.ST , SEB SEBa.ST and Danske Bank DANSKE.CO in short term, and warns despite falling rates uncertainty persists ** The three Nordic banks, whose CFOs have resigned between Q2 and Q3 reports , may struggle with falling rates and hig
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 8 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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Nordic banks face continued NII pressure, Nordea remains Jefferies' top pick

BUZZ-Nordic banks face continued NII pressure, Nordea remains Jefferies' top pick ** Jefferies says the operating environment remains challenging for Nordic banks, with continued pressure on net interest income (NII) from lower rates and muted lending growth, especially in Sweden ** It expects sequential NII decline in Q3 for Swedish banks due to l
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 7 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 5 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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