SEB's Top-Line Disappoints, But Dividends Beat Expectations -- Market Talk

Dow Jones01-29

0649 GMT - Skandinaviska Enskilda Banken's latest results look mixed, showing a weak quarter for revenue but bigger-than-expected dividends, Keefe, Bruyette & Woods's Hari Sivakumaran and Fatima Ghaznavi say in a research note. The Swedish bank missed revenue expectations by 3% due to lower-than-forecast net interest income and trading revenue, the analysts say. Cost guidance for 2026 looks weaker than expected and a quarterly buyback of 1.25 billion Swedish kronor is also smaller than what analysts had forecast, KBW says. On the plus side, total dividends are larger than expected when including a special dividend of 2.50 kronor a share on top of an ordinary dividend of 8.50 kronor a share, the analysts say. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

January 29, 2026 01:49 ET (06:49 GMT)

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