Aktia Bank Q2: First take - SEB
30 juli, 07:53
Aktia reported a 21% PBT beat of Modular Finance consensus, driven by high Life income. Underlying the higher quality beats was a 3.4% NII beat and assets under management came in at an all-time high supported by strong inflows and we believe this will offset the slight Fee miss of 1.2%. Credit losses were positive due to model changes, as expected. We expect slight positive consensus estimate revisions on NII and Fees, with the stock to open up.
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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Aktia Bank Q2: First take - SEB
30 juli, 07:53
Aktia reported a 21% PBT beat of Modular Finance consensus, driven by high Life income. Underlying the higher quality beats was a 3.4% NII beat and assets under management came in at an all-time high supported by strong inflows and we believe this will offset the slight Fee miss of 1.2%. Credit losses were positive due to model changes, as expected. We expect slight positive consensus estimate revisions on NII and Fees, with the stock to open up.
SEB Research
This research has been commissioned by the company. Only for professional investors resident in EEA member states. Reports may not be distributed to the US or other jurisdictions where to do so would be unlawful. Please see the disclaimer tab for any details of investment banking services recently provided by SEB that could be considered relevant to the subject matter of this research.
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Aktieanalys
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