SVNLY - SHB: 6.5% Dividend From A Unique Business Model
What happened?
For those unfamiliar, Svenska Handelsbanken (OTCPK:SVNLY) (OTCPK:SVNLF) is a Swedish banking group with a unique decentralized business model. The company also has a presence in the United Kingdom, Denmark, Finland, Norway and the Netherlands.
Svenska Handelsbanken has recently released its financial results for the fourth quarter. Even though the bank’s core operating metrics were largely in line with expectations, the headline EPS was lower than the consensus by 4%. Frankly, that is a big miss for Nordic banks, especially for Svenska Handelsbanken. The miss was largely driven by higher-than-expected