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Posted by
Two Blokes Fri at 8:00 PM -
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Svenska Handelsbanken's second quarter results look poor at first blush, with revenue and earnings both down double-digits year-on-year. While net interest income was soft, an unrepresentative trading result also explains part of this weak performance. Mutual fund income should also pick up again later in the year. The stock is down around 10% since my last update, with the dividend yield comfortably in double-digit territory.
