SEB Joins Handelsbanken in Earnings Beat Driven by Lending

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SEB AB joined scrutinize Svenska Handelsbanken AB in reporting a beat in first-quarter secure curiosity profits driven by better lending volumes, elevating expectations for future earnings efficiency and shareholder rewards.

SEB said the principle earnings metric totaled 7.06 billion kronor ($720 million), while Handelsbanken reported secure curiosity profits of 8.01 billion kronor, in accordance with statements on Wednesday. That’s more than estimated by analysts in Bloomberg surveys. SEB rallied as necessary as 7.8% after buying and selling started in Stockholm, while Handelsbanken acquired as necessary as 2.3%.

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