Swedbank (OTCMKTS:SWDBY) Issues Quarterly Earnings Results

Swedbank (OTCMKTS:SWDBY) posted its earnings results on Friday. The financial services provider reported SEK 0.68 earnings per share for the quarter, Zacks reports. Swedbank had a net margin of 30.22% and a return on equity of 15.02%.

Swedbank Price Performance

Shares of Swedbank stock opened at SEK 38.56 on Friday. Swedbank has a 52-week low of SEK 24.87 and a 52-week high of SEK 40.58. The company has a market capitalization of $43.35 billion, a P/E ratio of 12.90, a P/E/G ratio of 2.03 and a beta of 0.69. The company has a 50 day moving average of SEK 36.58 and a 200 day moving average of SEK 36.63.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SWDBY shares. Citigroup restated a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Strong Sell”.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.