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Handelsbanken Net Profit Misses Forecasts After Income Falls

Handelsbanken Net Profit Misses Forecasts After Income Falls

STOCKHOLM—Svenska Handelsbanken's SHB.B -2.50%decrease; red down pointing triangle second-quarter net profit fell, missing analysts' expectations, as lower costs failed to offset a decline in income.
The Swedish bank on Wednesday reported net profit of 5.49 billion Swedish kronor ($564.3 million), down from 6.79 billion kronor a year earlier. Analysts polled by FactSet had forecast 5.92 billion kronor.
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