[Dow Jones] Kaupthing's (KAUP.IC) 1Q "looks pretty good overall, without any major surprises," says Rodney Alfven at Cheuvreux Nordic.
Says all business areas, except a slight weakness in Investment banking, are good. "Capital Markets had an extremely good quarter."
Says the outlook is somewhat cautious, acknowledging the possibility of rising funding costs.
"What's worrying is how this could potentially affect private equity because it could hurt profitability and Kaupthing's core business." Sees share moving up slightly on results. Shares trade +0.9% at SEK80.50 in Stockholm. (LON)
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