Swedbank (OTCMKTS:SWDBY – Get Free Report) released its quarterly earnings results on Friday. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter, Zacks reports. Swedbank had a net margin of 30.22% and a return on equity of 15.02%.
Swedbank Stock Performance
OTCMKTS SWDBY opened at SEK 38.56 on Friday. The company has a market capitalization of $43.35 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.69. Swedbank has a 1-year low of SEK 24.87 and a 1-year high of SEK 40.58. The firm’s fifty day simple moving average is SEK 36.58 and its 200-day simple moving average is SEK 36.63.
Wall Street Analysts Forecast Growth
SWDBY has been the subject of a number of research reports. Citigroup reaffirmed a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Morgan Stanley reiterated an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Finally, Zacks Research cut Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Swedbank presently has an average rating of “Strong Sell”.
About Swedbank
Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.
Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.
Read More
- Five stocks we like better than Swedbank
- J.B. Hunt Stock Could Reach $340 as Trucking Capacity Shrinks
- The AI Data Center Boom Is Bigger Than One Stock—These ETFs Spread the Bet
- Palantir’s Wild Ride: Inside the Stock Wall Street Can’t Agree On
- Has Broadcom Become Too Expensive for Its AI Story?
Receive News & Ratings for Swedbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank and related companies with MarketBeat.com's FREE daily email newsletter.
