- Swedbank reported a net income of SEK 8.20 billion, surpassing expectations of SEK 7.71 billion.
- Net interest income stood at SEK 11.49 billion, slightly above the forecast of SEK 11.39 billion.
- Net fee and commission income came in lower than expected, at SEK 4.05 billion against an estimate of SEK 4.24 billion.
- Total income reached SEK 17.33 billion, exceeding the anticipated SEK 17.23 billion.
- The bank recorded a credit recovery of SEK 141 million, where impairments of SEK 262.1 million were projected.
- Total expenses were lower than estimated, at SEK 6.12 billion compared to SEK 6.49 billion.
- The Common Equity Tier 1 ratio was slightly below expectations, at 19.7% versus an estimated 19.9%.
- Earnings per share (EPS) were SEK 7.26, outperforming the estimate of SEK 6.89.
- Investment analysts issued 10 buy ratings, 9 hold ratings, and 6 sell ratings for Swedbank shares.
A look at Swedbank AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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
Swedbank AB, a financial institution offering a range of services including retail banking, asset management, and financial services, demonstrates a promising long-term outlook. Based on Smartkarma Smart Scores, Swedbank AB scored high in key areas. With a strong score in Dividend, the company is expected to provide attractive returns to its shareholders. Additionally, its high scores in Value and Growth indicate that Swedbank AB offers solid potential for growth and appears to be trading at an attractive valuation. The company also scored well in Momentum, suggesting positive market sentiment towards its future prospects.
Despite a slightly lower score in Resilience, Swedbank AB‘s overall performance across the key factors bodes well for its future. Investors may find Swedbank AB to be a compelling investment opportunity given its strong performance across value, dividend, growth, and momentum factors. The company’s diverse range of services and its competitive positioning in the financial sector further support a potentially positive long-term outlook.
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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