Handelsbanken Hikes Dividend as Fourth-Quarter Profit Beats
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Sweden’s largest property lender, Svenska Handelsbanken AB, surprised with a dividend that exceeded the highest estimate as fourth-quarter profit topped analyst expectations.
The Stockholm-based lender said its net income of 7.24 billion kronor ($690 million) exceeded the estimate of analysts tracked by Bloomberg. Net interest income — a measure of profits from loans and deposits — rose 15% in the fourth quarter from a year ago to 12.22 billion kronor, matching the average estimate.