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Swedbank Q3 net profit lags forecast
October 20, 2015 / 5:13 AM / 2 years ago

Swedbank Q3 net profit lags forecast

STOCKHOLM, Oct 20 (Reuters) - Swedish bank Swedbank reported a bigger than expected fall in third quarter net earnings on Tuesday as lower customer activity weighed on trading results.

Net profit fell to 3.94 billion Swedish crowns ($474 million), below a mean forecast for 4.18 billion in a Reuters poll of analysts and compared with 4.56 billion in the year-ago period. ($1 = 8.3065 Swedish crowns) (Reporting by Johan Ahlander, editing by Niklas Pollard)

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