- Swedbank’s net income for Q2 is SEK 8.60 billion, beating the estimate of SEK 7.95 billion.
- Net interest income stands at SEK 12.17 billion, slightly lower than the estimate of SEK 12.23 billion.
- Net fee and commission income reached SEK 4.17 billion, surpassing the estimate of SEK 4.1 billion.
- Total income amounted to SEK 18.24 billion, higher than the forecast of SEK 17.87 billion.
- Total expenses were SEK 6.47 billion, slightly above the estimated SEK 6.37 billion.
- Profit before impairments, Swedish bank tax, and resolution fees was SEK 11.77 billion, exceeding the estimate of SEK 11.45 billion.
- The common equity Tier 1 ratio is 20.1%, above the expected 19.6%.
- Earnings per share (EPS) came in at SEK 7.61, beating the estimate of SEK 7.08.
- Analyst ratings include 11 buys, 11 holds, and 3 sells.
A look at Swedbank AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
Swedbank AB, a financial institution offering a range of services including retail banking and asset management, demonstrates a strong overall outlook based on the Smartkarma Smart Scores analysis. With high scores in Dividend and Value, the bank is positioned well for long-term stability and potential returns for investors. Additionally, its solid score in Growth points towards the company’s potential for future expansion and profitability. However, lower scores in Resilience and Momentum indicate areas where Swedbank AB may face challenges in the future, possibly related to market volatility and growth sustainability.
In summary, Swedbank AB stands out for its diverse offerings in retail banking, asset management, and financial services. While the company shows promising signs of value, dividend payouts, and growth prospects, investors should also consider factors such as resilience and momentum when assessing the bank’s long-term prospects in the ever-evolving financial market.
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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