- Swedbank reported a net income of SEK 9.38 billion, outperforming the estimated SEK 7.8 billion.
- Net interest income reached SEK 12.23 billion, surpassing the forecast of SEK 11.74 billion.
- Net fee and commission income came in at SEK 4.29 billion, slightly higher than the expected SEK 4.17 billion.
- Total income was recorded at SEK 19.15 billion, exceeding the estimate of SEK 17.49 billion.
- Total expenses were lower than anticipated, at SEK 5.99 billion compared to the estimated SEK 6.26 billion.
- Profit before impairments, Swedish bank tax, and resolution fees was SEK 13.16 billion, well above the predicted SEK 11.05 billion.
- The Common Equity Tier 1 ratio stood at 20.4%, slightly above the estimate of 20%.
- Earnings per share (EPS) were SEK 8.30, outperforming expectations of SEK 6.94.
- The current analyst recommendations include 10 buys, 13 holds, and 2 sells for the bank’s stock.
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, has received positive scores in key areas according to Smartkarma Smart Scores. With a high score for dividends and strong value and growth scores, Swedbank AB seems positioned well for the long term. The company’s resilience score, however, indicates potential vulnerabilities that may need to be addressed. Momentum, another factor to consider, received a moderate score, suggesting some room for improvement in market performance.
In summary, Swedbank AB stands out for its robust dividend and value offerings, along with promising growth prospects. While the company provides a variety of financial services and has a solid foundation, attention to improving resilience and boosting momentum could further enhance its overall outlook for the future.
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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