- Handelsbanken’s net interest income exceeded expectations, reporting SEK11.76 billion against the estimated SEK11.43 billion.
- In Sweden, net interest income was SEK7.29 billion, surpassing the estimate of SEK7.13 billion.
- In the UK, net interest income reached SEK2.68 billion, slightly above the expected SEK2.63 billion.
- Norway’s net interest income was SEK1.32 billion, beating the forecasted SEK1.28 billion.
- Net fee and commission income came in at SEK2.97 billion, just higher than the estimated SEK2.94 billion.
- Total expenses were reported at SEK5.96 billion, lower than the estimate of SEK6.08 billion.
- The Common Equity Tier 1 ratio stood at 18.8%, slightly below the expected 18.9%.
- Handelsbanken’s cost to income ratio was 38.3%.
- Operating profit was significantly higher than expected at SEK9.06 billion, with an estimate of SEK8.05 billion.
- Sweden’s operating profit post-allocation was SEK6.80 billion, outdoing the dual estimates of SEK6.42 billion.
- The UK recorded an operating profit after allocation of SEK1.44 billion, above the expectation of SEK1.27 billion.
- Norway’s operating profit after allocation was SEK761 million.
- Total income for Handelbanken was SEK15.55 billion, which was higher than the estimate of SEK15.07 billion.
- In Sweden, total income stood at SEK9.90 billion, exceeding the estimated SEK9.7 billion.
- The UK reported total income of SEK2.96 billion, slightly above estimates of SEK2.9 billion.
- Norway’s total income was SEK1.52 billion, surpassing the forecast of SEK1.47 billion.
- Analyst recommendations include 7 buys, 7 holds, and 10 sells.
A look at Svenska Handelsbanken AB Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 4 | |
Dividend | 5 | |
Growth | 4 | |
Resilience | 2 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to the Smartkarma Smart Scores, Svenska Handelsbanken AB shows a positive long-term outlook. The company scores high in Dividend and Momentum, indicating strong performance in these areas. With a solid Value and Growth score as well, Svenska Handelsbanken AB is positioned well for future growth and profitability. However, the Resilience score is lower, suggesting some vulnerability in certain aspects that may need attention to ensure stability in the face of potential challenges.
Svenska Handelsbanken AB, a bank that attracts deposits and provides a range of commercial banking services, operates across Europe, Asia, and the United States. Offering services like corporate finance, securities brokerage, and institutional asset management, the company has secured a strong foothold in the financial market. With high scores in Dividend, Growth, and Momentum, Svenska Handelsbanken AB appears to be on a promising trajectory for continued success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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