Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY – Get Free Report) has earned a consensus rating of “Reduce” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company.
Separately, Citigroup reissued a “neutral” rating on shares of Svenska Handelsbanken Ab Publ in a research note on Tuesday, October 14th.
Check Out Our Latest Stock Analysis on Svenska Handelsbanken Ab Publ
Svenska Handelsbanken Ab Publ Stock Performance
Svenska Handelsbanken Ab Publ (OTCMKTS:SVNLY – Get Free Report) last issued its earnings results on Wednesday, October 22nd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. Svenska Handelsbanken Ab Publ had a net margin of 15.97% and a return on equity of 12.80%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.49 billion. On average, analysts predict that Svenska Handelsbanken Ab Publ will post 0.54 earnings per share for the current year.
About Svenska Handelsbanken Ab Publ
Svenska Handelsbanken AB (publ) is a Sweden-based universal bank offering a broad range of financial services to private individuals, businesses and institutions. Established in 1871 and headquartered in Stockholm, the bank operates on a decentralized branch model that empowers locally managed offices to deliver tailored banking solutions. Svenska Handelsbanken provides core services such as deposit accounts, lending, payment services and credit cards, alongside specialized corporate offerings including trade finance, cash management and leasing.
In addition to its commercial banking activities, Handelsbanken maintains a dedicated investment banking arm known as Handelsbanken Capital Markets, which offers services in equity and debt underwriting, corporate finance advisory and research.
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