Swedbank, Handelsbanken jump as lower costs boost Q3 results
** Shares in Swedbank SWEDa.ST and Handelsbanken SHBa.ST rise 4-6% as the Swedish lenders posted better than expected quarterly profits, owing to falling costs
** Swedbank's net profit grows to 9.4 billion Swedish crowns ($891 million) in Q3, against 7.84 billion Swedish crowns expected by analysts
** Handelsbanken posts a quarterly net profit of 7.21 billion Swedish crowns ($683 million), beating the consensus estimate of 6.62 billion Swedish crowns
** Costs in the quarter come down 6% in Swedbank and 7% in Handelsbanken, 3% and 4% below consensus, respectively, says J.P. Morgan
** "Better than expected delivery on NII, fees and costs is a positive read across for the other Nordic banks yet to report", J.P. Morgan says
** Peer SEB SEBa.ST rises 1%
($1 = 10.5595 Swedish crowns)
Reporting by Boleslaw Lasocki
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