Swedbank (OTCMKTS:SWDBY – Get Free Report) issued its quarterly earnings results on Friday. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of SEK 1.93 billion during the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%.
Swedbank Stock Down 3.2%
Shares of SWDBY stock opened at SEK 37.34 on Friday. Swedbank has a twelve month low of SEK 25.58 and a twelve month high of SEK 40.58. The stock’s fifty day simple moving average is SEK 36.62 and its 200 day simple moving average is SEK 36.63. The firm has a market capitalization of $41.98 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.97 and a beta of 0.69.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on SWDBY shares. Citigroup reiterated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Morgan Stanley reaffirmed an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Finally, Zacks Research lowered 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 given a Sell rating to the stock. According to data from MarketBeat, Swedbank currently 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.
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