|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.8720 - 4.9400|
|52 Week Range||4.7700 - 6.3500|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||10.05|
|Forward Dividend & Yield||0.30 (6.05%)|
|1y Target Est||N/A|
Sweden's Handelsbanken on Wednesday reported first-quarter operating earnings above market expectations on the back of a reversal of provisions into the bank's profit-sharing scheme for employees. Operating profit in January through March rose to 6.11 billion Swedish crowns (£507 million) from 5.16 billion crowns in the previous year, beating a mean forecast for 5.19 billion crowns as seen in a poll of analysts. Profit was boosted by the provision reversal to the lender's profit-sharing plan called Oktagonen, amounting to 827 million crowns, a gain not included in analysts' estimate.
STOCKHOLM (Reuters) - Swedish banking group Handelsbanken has gone through the books of all its six home markets and has reported whatever economic crimes it has found to relevant authorities, its chief ...
Sweden's Handelsbanken proposed a lower-than-expected dividend for 2018 on Wednesday as stricter requirements from the country's regulator hit capital levels. While fourth-quarter operating earnings came in above market expectations, the bank proposed a dividend of 5.50 crowns, well below the payout of 6.49 per share seen by analysts and lower than the total 7.50 crowns per share paid out for 2017. The 2017 payout included an ordinary dividend of 5.5 crowns per share and one-off payment of 2.0 crowns per share.
Sweden's Handelsbanken said it had converted its British branch into a subsidiary that would operate as a standalone business, helping to shield the bank from any potentially disruptive Brexit next March. Britain's parliament is due to vote on Dec. 11 on its divorce settlement and transition deal with the European Union ahead of the country's departure from the bloc next March. An independently capitalised subsidiary in Britain could operate as a standalone business, and be better insulated from any disruption in cross-border links than a branch linked to a parent in another country.
Sweden's Handelsbanken (SHBa.ST) said on Wednesday it planned to cut at least 1,600 jobs over the coming four years as it reported third-quarter operating profit slightly above market expectations on the back of lower-than-anticipated loan losses. Handelsbanken, which employs about 12,500 staff, said in a statement it would be cutting the jobs as part of an efficiency programme as the bank continues to digitalize its operations. Operating profit in the quarter fell to 5.34 billion Swedish crowns (455.98 million pounds) compared to a year-ago 5.42 billion, beating a mean forecast of 5.26 billion seen in a Reuters poll of analysts.
Moody's Investors Service has today affirmed the long-term deposit and senior unsecured debt ratings, and maintained stable outlooks on Svenska Handelsbanken AB (Handelsbanken), SEB and Swedbank AB (Swedbank). ...
Credit quality at Sweden's top banks remained solid in the first quarter as combined net profits rose sharply in the second quarter, says Moody's Investors Service in a report published today. The report, "Nordea, Handelsbanken, SEB, Swedbank: Top Swedish banks' Q2 profit up strongly on one-offs, corporate lending growth," is now available on www.moodys.com. Moody's subscribers can access this report via the link at the end of this press release.
The biggest Nordic bank is considering taking on the European Union’s top markets regulator after being handed a fine for providing credit ratings without a license. Nordea Bank AB, together with four other major Nordic banks, was called out by the European Securities and Markets Authority for selling so-called shadow ratings to corporate clients without permission. Nordea said on Monday that it discontinued shadow ratings in 2016, “although we disagree with ESMA” on the interpretation of the rules.