Handelsbanken hits bottom of STOXX on Q2 NII, profit miss

Svenska Handelsbanken AB

16/07/2025 08:24

** Shares in Handelsbanken SHBa.ST fall around 7% after the Swedish lender reported a bigger-than-expected drop in its quarterly results

** The bank posted Q2 net profit of 5.49 billion Swedish crowns ($565.69 million), missing the 5.88 billion crowns forecast by LSEG-polled analysts

** Handelsbanken's net interest income (NII) also came below estimates, negatively impacted by margins and funding, as well as foreign exchange impacts, Jefferies says

** The brokerage expects a negative reaction from the market on the weaker NII and revenue miss

** Handelsbanken stock was down 7.8% at 0706 GMT, at the bottom of the pan-European STOXX 600 .STOXX index

** Shares of its local rival SEB SEBa.ST rise nearly 2% on Wednesday after the Swedish bank reported its quarterly net profit above expectations

($1 = 9.7050 Swedish crowns)

 (Reporting by Vera Dvorakova)

 ((vera.dvorakova@thomsonreuters.com))