- Handelsbanken’s net interest income in the fourth quarter was SEK 11.75 billion, surpassing the estimate of SEK 11.35 billion.
- Sweden’s net interest income met expectations at SEK 7.06 billion.
- The UK generated net interest income of SEK 2.74 billion, exceeding the estimate of SEK 2.62 billion.
- Net interest income in Norway was SEK 1.37 billion, beating the estimate of SEK 1.3 billion.
- Net Fee & Commission income totaled SEK 3.07 billion against the anticipated SEK 2.99 billion.
- The net income reached SEK 6.85 billion, above the estimated SEK 6.22 billion.
- Total expenses were in line with forecasts at SEK 6.36 billion.
- The Common Equity Tier 1 ratio stood at 18.8%, better than the expected 18.6%.
- Cost to Income Ratio was reported at 39.7%.
- Operating profit was SEK 9.18 billion, significantly surpassing the estimate of SEK 7.84 billion.
- Sweden’s operating profit after profit allocation was SEK 6.47 billion, slightly lower than one of the estimates at SEK 7.14 billion.
- The UK saw operating profit after profit allocation of SEK 1.44 billion, exceeding expectations of SEK 1.25 billion.
- Norway reported operating profit after profit allocation at SEK 901 million.
- Total income amounted to SEK 16.03 billion, surpassing the estimate of SEK 15.04 billion.
- Sweden’s total income closely matched the estimate at SEK 9.69 billion.
- The UK achieved total income of SEK 3.03 billion, outperforming the estimate of SEK 2.9 billion.
- Norway’s total income was SEK 1.59 billion, slightly above the estimated SEK 1.5 billion.
- Investment recommendations include 5 buys, 9 holds, and 10 sells.
A look at Svenska Handelsbanken AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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
Looking at the Smartkarma Smart Scores for Svenska Handelsbanken AB reveals a promising long-term outlook for the company. With a high score in Dividend and Momentum, it indicates strong performance in these areas. The company’s focus on providing value, coupled with a solid growth strategy, positions it well for future success.
Svenska Handelsbanken AB, known for attracting deposits and offering a range of commercial banking services, operates in various regions including Europe, Asia, and the United States. The company’s emphasis on delivering dividends and maintaining momentum showcases its financial strength and growth potential, making it an attractive choice for investors seeking stability and returns.
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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