April 24, 2018 / 5:13 AM / 7 months ago

Swedbank Q1 net profit beats forecast

STOCKHOLM, April 24 (Reuters) - Swedish banking group Swedbank reported first-quarter net earnings above market expectations on Tuesday and said it saw signs that the Swedish housing market is stabilising.

Net profit fell to 5.03 billion Swedish crowns ($591 mln), above a mean forecast for 4.68 billion in a Reuters poll of analysts and compared with 5.12 billion in the year-ago period. ($1 = 8.5109 Swedish crowns) (Reporting by Johan Ahlander; editing by Niklas Pollard)

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