Q3 2020 Skandinaviska Enskilda Banken AB Earnings Press Conference Transcript
Ladies and gentlemen thank you for standing by, and welcome to the SEB's Q3 2020 Results Conference Call. (Operator Instructions)
I would now like to hand the conference over to your first speaker today, Johan Torgeby. Thank you. Please go ahead.
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Thank you very much and a dear welcome to everyone to SEB's Q3 report.
Starting on Page 2. As customary, we just comment briefly on the macroeconomic and financial market developments during Q3. And I think in one word, one could say that this is a new type of stabilization that we've seen in the third quarter.
The equity markets, after a very strong recovery predominantly in Q2, has more or less been stable although been moving a little bit but kind of come up to new all-time-high levels in the U.S. and a healthy recovery in other stock markets and looped around in the quarter around this newly found elevated level.
Credit spreads were tightening during
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