Avanza shares fall on 'considerable' slowdown in November stats

Avanza Bank Holding AB

03/12/2025 08:56

** Shares in Avanza Bank AVANZ.ST fall 3% after the Swedish financial group posted its November statistics

** JPMorgan analysts flag a "considerable" slowdown in Avanza's Customer Growth, with only 9,000 additions in November vs. 20,000 in October

** The brokerage also sees a "sharp" decline in net inflows, down SEK 0.6 bln ($63.8 million) m/m

** JPM notes that the slower activity was possibly impacted by the closure of US markets throughout Thanksgiving

($1 = 9.4059 Swedish crowns)

(Reporting by Agnieszka Gosciak-Rabalska)

((Agnieszka.Gosciak@thomsonreuters.com))