Previous Close | 14.90 |
Open | 14.80 |
Bid | 0.00 x N/A |
Ask | 0.00 x N/A |
Day's Range | 14.80 - 14.80 |
52 Week Range | 12.39 - 19.50 |
Volume | |
Avg. Volume | 0 |
Market Cap | 16.643B |
Beta (5Y Monthly) | 0.67 |
PE Ratio (TTM) | 7.71 |
EPS (TTM) | 1.92 |
Earnings Date | N/A |
Forward Dividend & Yield | 0.85 (5.70%) |
Ex-Dividend Date | Mar 31, 2023 |
1y Target Est | N/A |
STOCKHOLM (Reuters) -Swedish bank Swedbank reported first-quarter net profit above market expectations on Thursday and said higher deposit margins had boosted results, although credit impairments also rose. The rival of Handelsbanken, SEB and Nordea said net profit totaled 7.56 billion Swedish crowns ($733.24 million) versus a year-ago 4.48 billion, topping a mean forecast of 6.62 billion, according to analyst estimates provided by the company. CEO Jens Henriksson said Swedbank had a strong start to the year.
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Swedbank AB (SWDBY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Swedbank will book a provision of 40 million Swedish crowns ($3.72 million) related to an investigation by the U.S. Office for Foreign Assets Control (OFAC) over the bank's "historical shortcomings", the bank said on Friday. The U.S. Treasury's OFAC is investigating "transactions that the bank has notified the authority about", Swedbank said in a statement. The dialogue with OFAC is good.
Swedbank will book a provision of 40 million Swedish crowns ($3.72 million) related to an investigation by the U.S. Office for Foreign Assets Control (OFAC) over the bank's "historical shortcomings", the bank said on Friday. The U.S. Treasury's OFAC is investigating "transactions that the bank has notified the authority about", Swedbank said in a statement. The dialogue with OFAC is good.
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STOCKHOLM (Reuters) -Swedish bank Swedbank reported a bigger-than-expected rise in net profit for the fourth quarter and proposed raising its annual dividend on Tuesday as surging central bank interest rates helped lift interest income. The bank, with roots in Sweden's two-centuries-old savings bank movement, reported a net profit of 6.81 billion Swedish crowns ($653 million) for the quarter, up from 4.84 billion crowns a year ago and higher than analysts' mean estimate of 6.26 billion crowns in a Refinitiv poll. Swedbank and its peers have seen a year of rapid rate hikes by central banks, aimed at bringing red-hot inflation back under control, which has boosted their interest income, although the pressure on households and businesses has only gradually begun filtering through as rising credit loss provisions.
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STOCKHOLM (Reuters) -Swedbank on Thursday reported a better-than-expected operating profit for the third quarter, underpinned by strong income from mortgages. The Swedish bank said in a statement its quarterly operating profit rose 24% to 8.70 billion crowns ($801 million) from 7.03 billion crowns posted last year, beating the 7.19 billion crowns seen by analysts in a Refinitiv poll. "The quarter was marked by high and rising inflation and the response by central banks to tackle this," Swedbank CEO Jens Henriksson said during a conference call.
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STOCKHOLM (Reuters) -Swedish lender Swedbank reported a smaller-than-expected net profit for the second quarter on Tuesday, as higher costs and lower trading gains took some of the shine off rising income from mortgages on the back of higher interest rates. Swedbank, Sweden's biggest mortgage lender, said net profit for April-June came in at 4.71 billion Swedish crowns ($452.8 million) versus 4.62 billion in the preceding quarter and 5.56 billion a year ago.