UPDATE 2-Sweden's SEB posts steeper than expected profit fall as pandemic weighs [Reuters (UK)]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
danskebank.com/investor-relations
Company Research
Source: Reuters
Sweden's SEB posts steeper than expected profit fall as pandemic weighs - Reuters 4 Min Read STOCKHOLM (Reuters) - Sweden’s SEB ( SEBa.ST ) reported a steeper-than-expected fall in first-quarter net earnings on Wednesday as the novel coronavirus pandemic and the financial turmoil it has ushered in weighed on the bank’s trading arm and loan portfolio. The economic crisis stemming from the pandemic raises the prospect of mounting loan losses and credit impairments for banks as businesses shut their doors and lay off staff. The bank is also waiting on the outcome of the Swedish FSA’s investigation into alleged money laundering at its Baltic business, with a decision expected in June. CEO Johan Torgeby told Reuters by phone that the quarter had been a tale of two halves. “In January and February things looked great, but then we had a complete change of scene because of the coronavirus in March,” Torgeby said, adding that the bank was well capitalised to weather the pandemic. SEB said in
Show less
Read more
Impact Snapshot
Event Time:
SVNLY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SVNLY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SVNLY alerts
High impacting SVENSKA HANDELSBK UNS/ADR news events
Weekly update
A roundup of the hottest topics
SVNLY
News
- Oma Savings Bank Plc's Interim Report 1.1.-31.3.2024: Profit growth continues despite a significant additional allowance – comparable profit before taxes was EUR 25.6 million and increased 6.1 percent [Yahoo! Finance]Yahoo! Finance
- Handelsbanken Earnings Miss as Growing Costs Draw More Focus [BNN Bloomberg (Canada)]BNN Bloomberg
- Inside information, negative profit warning: Oma Savings Bank Plc publishes preliminary information on the result for the first quarter [Yahoo! Finance]Yahoo! Finance
- Svenska Handelsbanken Ab Publ (SVNLY) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Handelsbanken: A "HOLD" After Outperformance (Downgrade) [Seeking Alpha]Seeking Alpha