Avanza at 3-year high after Q4 report

Avanza Bank Holding AB

21/01/2025 08:51

** Shares in Avanza Bank  AVANZ.ST  rise more than 9% to
January 2022 highs after the Swedish financial group posted a Q4
beat
    ** Its Q4 operating income was SEK 1,062 million ($95.87
million), coming in 4% above the SEK 1,017 million estimate in
company-compiled consensus
    ** "New cost guidance of 11% for 2025 points to SEK 1,421
million in costs for next year, which is only marginally above
the SEK 1,415 million currently in company-compiled consensus,"
J.P.Morgan says 
    ** Its proposed dividend of SEK 11.75 was 11% better than
expectations and up 2% yoy, JPM adds
    ** If gains hold, the stock will see its best day since
October 2022; peer Nordnet  SAVE.ST  is up 4.8%


($1 = 11.0772 Swedish crowns)

 (Reporting by Elviira Luoma)
 ((Elviira.luoma@thomsonreuters.com))