SEB slides after profit miss, buyback pause

Skandinaviska Enskilda Banken AB (publ)

Yesterday 08:13

** Shares in SEB SEBa.ST fall nearly 4% after the Swedish lender posted net profit below market expectations and paused its share buy-back program
** Its net profit fell to 7.50 billion Swedish crowns ($759 million), below the 7.91 billion expected by analysts polled by LSEG
** Jefferies notes a pre-provision miss of 7% 
** Other European peers also under pressure, STOXX banking index .SX7P down 2.2%
** Swedish peer Swedbank SWEDa.ST down 3% after it posted Q3 report with a topline miss 

 (Reporting by Izabela Niemiec)
 ((izabela.niemiec@thomsonreuters.com))