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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 20.42 | 18.19 | 20.42 | 0.00 | 11:00:31 |
From Jul 2022 to Jul 2024
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 |
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