FY2018 Earnings Estimate for Swedbank AB Issued By Jefferies Group (SWDBY)
Swedbank AB (OTCMKTS:SWDBY) – Investment analysts at Jefferies Group increased their FY2018 earnings estimates for shares of Swedbank in a report released on Wednesday. Jefferies Group analyst K. Pillai now expects that the financial services provider will earn $2.11 per share for the year, up from their prior forecast of $2.04. Jefferies Group also issued estimates for Swedbank’s FY2019 earnings at $2.17 EPS.
SWDBY has been the topic of several other reports. ValuEngine cut Swedbank from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 31st. Macquarie restated an “underperform” rating on shares of Swedbank in a research note on Friday, October 13th. Finally, Berenberg Bank cut Swedbank from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold”.
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Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company’s segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings.
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