Nordic Banks Face Earnings Pressure -- Market Talk

Dow Jones

2025/07/07

1215 GMT - Nordic banks face a second-quarter earnings drop of 5% on the quarter, on weaker net interest income, subdued fees and higher costs, Bank of America Securities analyst Tarik El Mejjad writes. The latest rate cuts in Sweden and Norway have clouded expectations for the trough in net interest income, with BofA expecting the trough to come in the third quarter for SEB and Nordea, and the fourth quarter for Swedbank and Handelsbanken. BofA remains constructive on Danske Bank, thanks to the possibility of higher distributions, and DNB, on strong loan growth and buybacks restarting. "In contrast, we stay cautious on the Swedish banks relative to peers, especially Swedbank and Handelsbanken, where we expect a difficult quarter for net interest income and several more quarters of pressure." (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

July 07, 2025 08:15 ET (12:15 GMT)

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The latest rate cuts in Sweden and Norway have clouded expectations for the trough in net interest income, with BofA expecting the trough to come in the third quarter for SEB and Nordea, and the fourth quarter for Swedbank and Handelsbanken. BofA remains constructive on Danske Bank, thanks to the possibility of higher distributions, and DNB, on strong loan growth and buybacks restarting. \"In contrast, we stay cautious on the Swedish banks relative to peers, especially Swedbank and Handelsbanken, where we expect a difficult quarter for net interest income and several more quarters of pressure.\" (dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2025 08:15 ET (12:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nordic Banks Face Earnings Pressure -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNordic Banks Face Earnings Pressure -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-07-07 20:15</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1215 GMT - <a href=\"https://laohu8.com/S/MR7.SI\">Nordic</a> banks face a second-quarter earnings drop of 5% on the quarter, on weaker net interest income, subdued fees and higher costs, Bank of America Securities analyst Tarik El Mejjad writes. The latest rate cuts in Sweden and Norway have clouded expectations for the trough in net interest income, with BofA expecting the trough to come in the third quarter for SEB and Nordea, and the fourth quarter for Swedbank and Handelsbanken. BofA remains constructive on Danske Bank, thanks to the possibility of higher distributions, and DNB, on strong loan growth and buybacks restarting. \"In contrast, we stay cautious on the Swedish banks relative to peers, especially Swedbank and Handelsbanken, where we expect a difficult quarter for net interest income and several more quarters of pressure.\" (dominic.chopping@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 07, 2025 08:15 ET (12:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MR7.SI","symbol_name":"挪迪克","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2549534245","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2549534245","pubTimestamp":1751890500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1215 GMT - Nordic banks face a second-quarter earnings drop of 5% on the quarter, on weaker net interest income, subdued fees and higher costs, Bank of America Securities analyst Tarik El Mejjad writes. The latest rate cuts in Sweden and Norway have clouded expectations for the trough in net interest income, with BofA expecting the trough to come in the third quarter for SEB and Nordea, and the fourth quarter for Swedbank and Handelsbanken. BofA remains constructive on Danske Bank, thanks to the possibility of higher distributions, and DNB, on strong loan growth and buybacks restarting. \"In contrast, we stay cautious on the Swedish banks relative to peers, especially Swedbank and Handelsbanken, where we expect a difficult quarter for net interest income and several more quarters of pressure.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MR7.SI":"挪迪克","DNKEY":"Danske Bank A/S","SWDBY":"Swedbank AB"},"translate_title":"北欧银行面临盈利压力——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MR7.SI":1,"DNKEY":0.9,"SWDBY":0.9},"content_text":"1215 GMT - Nordic banks face a second-quarter earnings drop of 5% on the quarter, on weaker net interest income, subdued fees and higher costs, Bank of America Securities analyst Tarik El Mejjad writes. The latest rate cuts in Sweden and Norway have clouded expectations for the trough in net interest income, with BofA expecting the trough to come in the third quarter for SEB and Nordea, and the fourth quarter for Swedbank and Handelsbanken. BofA remains constructive on Danske Bank, thanks to the possibility of higher distributions, and DNB, on strong loan growth and buybacks restarting. \"In contrast, we stay cautious on the Swedish banks relative to peers, especially Swedbank and Handelsbanken, where we expect a difficult quarter for net interest income and several more quarters of pressure.\" (dominic.chopping@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 07, 2025 08:15 ET (12:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}