Swedbank Q4 profit below forecast, lowers dividend

February 2, 2016 6:13 AM

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STOCKHOLM Feb 2 Swedish banking group Swedbank posted fourth-quarter net earnings below market expectations on Tuesday and lowered its dividend.

Net profit in the quarter amounted to 3.80 billion Swedish crowns ($445 million), lagging a mean forecast for 4.08 billion seen in a Reuters poll of analysts and unchanged from the year-ago period.

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