SEB Q3 Net Profit Misses Forecast; Pauses Share Buybacks
SEB reported third-quarter net earnings below market expectations and said it was pausing share buybacks amid continued loan growth and temporarily higher capital requirements.
Swedish banking group SEB OMXSTO:SEB_A said Thursday that net earnings for the third quarter fell short of market expectations. It also said it was pausing share buybacks because of continued loan growth and temporarily higher capital requirements.