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|Beta (5Y monthly)||0.64|
|PE ratio (TTM)||0.10|
|Forward dividend & yield||N/A (N/A)|
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Sweden's Handelsbanken proposed a lower than expected payout for shareholders and said investments that drove up costs in the fourth quarter were set to continue, sending its shares down 6% on Wednesday. Against a backdrop of record annual and quarterly income in its main markets, Handelsbanken proposed an ordinary dividend of 5.50 crowns per share for 2022, up from 5.00 a year earlier, as well as a special dividend of 2.50 crowns per share. That still fell short of Refinitiv estimates for a total payout of 8.56 crowns per share and analysts at Citi said markets were likely to question an extra dividend that was "modest" in light of income from the sale of the bank's Danish business and ample capital buffers.
Finnish banking group Nordea posted third-quarter operating earnings just above market expectations on Thursday on rising interest income, improving slightly its outlook for costs and income for the full year. Rampant inflation and rapidly tightening monetary policy are lifting interest income for Nordic banks, while mounting costs for households and businesses and slumping real estate markets have yet to translate into higher loan losses. The Nordic region's biggest bank reported an operating profit of 1.30 billion euros ($1.27 billion) in the quarter, up from 1.27 billion a year ago, beating the mean forecast of 1.26 billion euros in a Refinitiv poll of analysts.
Swedish bank Handelsbanken on Wednesday reported forecast-beating record earnings, as interest income jumped in the third quarter in an environment of rising inflation and tighter monetary policy, sending its shares up nearly 5%. The rival of Swedbank, SEB, and Nordea said operating profit totalled 7.27 billion Swedish crowns ($654.5 million) versus year-ago's 6.13 billion, ahead of a mean forecast 6.72 billion, according to Refinitiv estimates. Soaring inflation, fuelled in part by the war in Ukraine, has seen central banks rapidly hike rates, lifting interest income at Swedish banks but also squeezing households and businesses and depressing stock markets, potentially driving a rise in loan losses in the coming quarters.