SEB Third-Quarter Profit Beats Estimates as Lending Income Gains
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SEB AB, Scandinavia’s biggest foreign-currency trader, said profit in the third quarter jumped 46 percent after net interest and net fee income rose.
Net income in the three months through September rose to 5.47 billion kronor ($751 million) from 3.75 billion kronor a year earlier, Stockholm-based SEB said in a statement today. That beat the average 5.36 billion-krona estimate of 11 analysts surveyed by Bloomberg. Net interest income rose 8.7 percent while net fee and commission income gained 2.1 percent.