Swedbank AB (publ) (STO: SWED.A)
Sweden
· Delayed Price · Currency is SEK | Market Cap | 246.89B |
| Revenue (ttm) | 73.26B |
| Net Income (ttm) | 34.47B |
| Shares Out | 1.13B |
| EPS (ttm) | 30.55 |
| PE Ratio | 7.18 |
| Forward PE | 8.47 |
| Dividend | 15.15 (6.93%) |
| Ex-Dividend Date | Mar 27, 2024 |
| Volume | 1,987,471 |
| Open | 218.70 |
| Previous Close | 218.70 |
| Day's Range | 218.60 - 220.20 |
| 52-Week Range | 173.95 - 233.80 |
| Beta | 0.64 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Oct 23, 2024 |
About Swedbank AB
Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions. It offers savings accounts, mutual funds and insurance savings, pension savings, institutional asset management, and other savings and investment products; private residential lending, consumer financing, corporate lending, l... [Read more]
Financial Performance
In 2023, Swedbank AB's revenue was 71.38 billion, an increase of 41.22% compared to the previous year's 50.55 billion. Earnings were 34.13 billion, an increase of 59.74%.
Financial StatementsNews
Inbank sells 21% stake in Paywerk to Swedbank
Today, 23 July 2024, Swedbank AB completed the 100% acquisition of Paywerk AS. As part of the transaction, Inbank AS subsidiary, Inbank Ventures OÜ, sold its entire 21% stake in Paywerk AS to Swedbank...
Sweden's Riksbank has done a good job overall, says Swedbank CEO
Jens Henriksson, CEO of Swedbank, says Sweden's central bank has been a "steady hand in a difficult time," particularly when it comes to wage agreements and inflation expectations.
Swedbank beats quarterly profit expectations on trading, low loan losses
Swedish banking group Swedbank reported a second-quarter net profit that exceeded expectations on Tuesday on strong trading income and lower loan losses, and the bank's head noted that "loan volumes r...
Enefit Green Signs Loan Agreement Amendment with Swedbank
Enefit Green has signed an amendment to its loan agreement with Swedbank, originally taken out on 28 December 2022 for 50 million euros. According to the revised terms, the loan amount will increase t...
Aktia and Swedbank enter into strategic partnership
Press ReleaseAktia Bank Plc23 May 2024 2 p.m. Aktia and Swedbank have entered a strategic partnership that establishes a long-term co-operation with the aim to better serve both banks' corporate custo...
Swedbank Upbeat on Economic Recovery
Swedbank's earnings fell in the first three months of 2024, with higher interest rates weighing on net interest income, but the bank said an improving economy should boost performance over the year as...
Swedbank's Q1 net profit rises more than expected
Swedish banking group Swedbank reported a first-quarter net profit above expectations on Thursday and said the economy had proved surprisingly resilient in the quarter.
Aktsiaselts Infortar signed a liquidity provider agreement with Swedbank AS
Aktsiaselts Infortar signed a liquidity provider agreement with Swedbank AS. According to the agreement, Swedbank AS will start market making activity with Aktsiaselts Infortar shares in the Nasdaq OM...
Swedbank CEO predicts tough spring for Swedish economy
Swedbank CEO Jens Henriksson discusses the lender's fourth-quarter earnings and gives his outlook for Sweden's economy and central bank action.
Swedbank net profit beats forecast, raises dividend
Swedish banking group Swedbank reported a slightly bigger-than-expected rise in fourth-quarter net profit on Wednesday and said credit quality had remained strong through the year as it hiked its annu...
Swedbank Q3 net profit beats forecast
Swedish banking group Swedbank reported a bigger-than-expected rise in third-quarter net profit on Thursday and said the economy remained resilient despite turbulence and higher interest rates.
Ignitis Group will conclude EUR 70 million credit line agreement with Swedbank AB
AB “Ignitis grupė” (hereinafter – the Group) informs that on 24 October 2023 the Management Board of the Group approved the intention to conclude a credit line agreement of EUR 70 million (hereinafter...
Swedbank Q2 profit beats forecast as interest income rises
Swedish banking group Swedbank reported a bigger-than-expected rise in second-quarter net profit on Tuesday on the back of higher interest income, and said its credit quality was solid.
Swedbank reaches settlement with U.S. Treasury
STOCKHOLM--Swedbank said Monday that it has reached a final settlement with the U.S. Treasury's Office for Foreign Assets Control regarding the bank's past shortcomings in preventing money laundering,...
Swedbank CEO Says Completion for Savings, Lending Increased
Swedbank AB Chief Executive Officer Jens Henriksson discusses the lender's financial results, prospects and strategy. Swedbank joined fellow Swedish peers SEB AB and Svenska Handelsbanken AB by delive...
Swedbank Q1 profits beats expectations on better deposit margins
Swedish bank Swedbank reported first-quarter net profit above market expectations on Thursday and said higher deposit margins had boosted results.
Swedbank books $3.7 mln provision over US investigation
Swedbank will book a provision of 40 million Swedish crowns ($3.72 million) related to an investigation by the U.S. Office for Foreign Assets Control (OFAC) over the bank's "historical shortcomings", ...
Swedbank, together with OP Bank, refinanced a previous loan of Ozo turtas, a company which manages Akropolis Vilnius
Bank Swedbank, a banking leader in Lithuania, together with Finnish capital bank OP Corporate Bank, gave a syndicated loan of EUR 159.5 million to Ozo turtas that manages the shopping centre Akropolis...
Swedbank net profit rises in Q2
Swedish banking group Swedbank reported a rise in net earnings for the second quarter on Tuesday as higher costs somewhat offset a boost from rising income from mortgages on the back of higher interes...
Swedbank in More Money-Laundering Legal Trouble
The Estonian unit of Swedbank AB is a suspect in a money-laundering investigation, after a special white-collar crime investigator with Estonia's Central Criminal Police notified the bank that Swedban...
Swedbank fourth-quarter profit narrowly misses forecast
STOCKHOLM(Reuters) -Swedish bank Swedbank on Wednesday reported a slightly lower-than-expected operating profit for the fourth quarter as weaker results from fixed income trading weighed and global su...
Swedbank ex-chief charged over money laundering scandal
Birgitte Bonnesen accused of fraud and market manipulation in relation to high-risk transactions in Baltics
Swedbank profit tops forecast as commission income hits record
Swedish bank Swedbank on Thursday reported better-than-expected net profit for the third quarter on the back of continued strong growth for mortgages and record commission income.
Swedbank Delivered Stable Result in Turbulent Year: CEO
Feb.01 -- Jens Henriksson, president and chief executive officer at Swedbank, discusses the fall in the stock price, the Swedish housing market, the money-laundering scandal and ESG investing. He spea...
Jittery Investors Dump Shares Of Nordic Banks After Swedish Newspaper Report
A report by a major Swedish newspaper triggered a selloff by investors of shares in a trio of Nordic banks, puzzling analysts since the revelations appear to be based on criminal probes publicly discl...