• SEB 1Q net interest income was SEK11.77 billion, falling short of the estimated SEK11.97 billion.
• Reported net income surpassed expectations, at SEK9.50 billion compared to the forecasted SEK8.87 billion.
• Net Fee & Commission income for the bank reached SEK5.63 billion, exceeding the estimate of SEK5.51 billion.
• They posted a net financial income of SEK3.25 billion.
• Operating profit touched SEK12.32 billion, surpassing the SEK11.19 billion estimate.
• Operating expenses were slightly higher than forecast, at SEK7.16 billion compared to an estimated SEK7.07 billion.
• Earnings per share (EPS) was stated as SEK4.56.
• The common equity Tier 1 ratio was 18.9%, slightly lower than the forecasted 19.3%.
• Total risk exposure reported was SEK926 billion, which was more than the estimated SEK904.41 billion.
• The bank presented a gross stage 3 ratio of 0.35%, lower than the estimated 0.46%.
• The bank’s status among analysts stands at 7 buys, 11 holds, and 5 sells.
A look at Skandinaviska Enskilda Banken 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
Skandinaviska Enskilda Banken (SEB) is positioned for a promising long-term outlook based on its Smartkarma Smart Scores. With high scores in Dividend and Momentum, the company demonstrates strength in providing returns to its shareholders and maintaining a positive growth trajectory. Furthermore, SEB’s solid scores in Value and Growth indicate a robust financial standing and potential for expansion in the industry. Despite a lower score in Resilience, SEB’s overall outlook appears favorable, presenting opportunities for sustainable growth and profitability.
Skandinaviska Enskilda Banken AB (SEB) is a prominent North European financial banking group known for its comprehensive range of banking services catering to corporate, institutional, and private clients. Offering a diverse portfolio including savings accounts, investment banking, loans, and insurance products, SEB has established a strong presence not only in Sweden but also in Germany, the Baltic States, and several other countries globally. With its impressive Smart Scores across various factors, SEB seems well-positioned to continue its success and strengthen its position in the financial sector.
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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