Swedish bank Swedbank AB (OTC:
SWDBY) reported a fall in its second-quarter earnings.
Swedbank's quarterly net profit dropped to SEK1.59 billion, from SEK3.15 billion, in the year-ago period. However, analysts were expecting a profit of SEK1.84 billion.
Its net interest income surged to SEK5.41 billion from SEK5.04 billion, versus estimates of SEK5.32 billion.
Swedbank shares closed at $24.12 yesterday.
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