We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Swedbank A B (PK) | USOTC:SWDBY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.29 | 1.44% | 20.39 | 19.95 | 20.68 | 20.405 | 20.255 | 20.35 | 10,620 | 21:04:16 |
Swedbank's second-quarter pretax profit of SEK5.9 billion was in line with consensus, with stronger-than-expected net interest income and lower provisions offset by weaker non-interest income and higher costs, Citi analysts Maria Semikhatova and Guru Prasad Chowdhary say in a note. Quarterly costs came in above expectations but the 2022 cost outlook was reiterated and management continues to target 15% return on equity. A new business plan will be presented by the end of the year, Citi adds. "We see low single-digit consensus earnings upgrades driven by net interest income," the bank says. Shares trade 0.9% lower at SEK128.95. Citi has a buy rating on the stock, with a SEK170 target price. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
July 19, 2022 06:12 ET (10:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Swedbank A B (PK) Chart |
1 Month Swedbank A B (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions