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Grenke rises on better-than-anticipated Q3 cost income ratio

By Reuters News40 minutes ago Updated

** Shares in German leasing company Grenke GLJn.DE rise 7.8% after the company posted a better-than-expected Q3 cost-income ratio of 48.7%

** "Grenke delivered much better than expected on cost discipline, resulting in a strong cost-income-ratio in Q3, which helped net income," Berenberg analyst Marius Fuhrberg says

** The stock recovers slightly from "a very low valuation", he adds

** Grenke's stock is on track for its best day since July 2024

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