Handelsbanken Q3 profit falls as net interest income weakens

• • EPS: SEK 2.87, down 4.3% Y/Y from SEK 3.00, but up 10.4% Q/Q from SEK 2.60.

  • Revenue: Total income declined 1.9% Y/Y to SEK 13.96B from SEK 14.23B, but increased 3.7% Q/Q.

  • Operating profit: Fell 4.4% Y/Y to SEK 7.35B from SEK 7.69B, but rose 10.1% Q/Q from SEK 6.68B. Adjusted for items affecting comparability, operating profit increased 10% Q/Q.

  • Net interest income: Declined 5.0% Y/Y to SEK 10.05B from SEK 10.58B.

  • Net profit: Decreased 3.3% Y/Y to SEK 5.75B from SEK 5.95B.

  • Return on equity: Increased to 13.5% from 13.3% a year earlier and 12.8% in Q2.

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