Skandinaviska Enskilda Banken AB A

Skandinaviska Enskilda Banken provides corporate, retail, investment and private banking services, as well as asset management and life insurance services. Merchant Banking provides wholesale and investment banking services to corporations and institutions. Retail Banking provides products mainly to private customers and small and medium-sized corporate. Wealth Management performs asset management and private banking activities and Life provides life, care and pension insurance. Division Baltic provides retail, asset management and private banking services in the Baltic countries. As of Dec 31 2013, Co. had total assets of SEK1,904.16 billion and total deposits of SEK821.47 billion.
  • TickerSEB A
  • ISINSE0000148884
  • ExchangeNasdaq Nordic Stockholm
  • SectorBanks
  • CountrySweden

Analysts

SEB 'A' SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SEB 'A' SA (SE), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 10, 2019, the closing price was SEK 89.28 and its potential was estimated at SEK 97.43.

Nicolas McBeath

SEB (Buy, TP: SEK106.00) - Convincing performance

The Q2 results were strong in most aspects, with 6% sequential NII growth the main highlight. We have raised our 2019–2021e EPS by 2–3% and our target price to SEK106 (102). We still see good value at a P/BV of 1.3x, as we expect the bank to report average underlying earnings growth of 5% in 2019–2021, with an ROE of ~13% and a strong capital position.

Niklas Kammer

Morningstar | Skandinaviska Enskilda Banken Reports in Line First-Half 2019 Results; Shares Fairly Valued

No-moat Skandinaviska Enskilda Banken reported first-half 2019 results in line with our full-year expectations. We maintain our fair value estimate of SEK 95 per share. Net interest income of SEK 11 billion, up 5% versus the same period last year, was supported by volume growth of 5% and a positive deposit margin effect after the Swedish repo rate was increased in the beginning of the year. We anticipate SEK 21.8 billion in net interest income for the full year. Net fee and commission, virtually flat year over year, benefited from good activity in the corporate finance business that was offset...

Niklas Kammer

Skandinaviska Enskilda Banken Reports in Line First-Half 2019 Results; Shares Fairly Valued

No-moat Skandinaviska Enskilda Banken reported first-half 2019 results in line with our full-year expectations. We maintain our fair value estimate of SEK 95 per share. Net interest income of SEK 11 billion, up 5% versus the same period last year, was supported by volume growth of 5% and a positive deposit margin effect after the Swedish repo rate was increased in the beginning of the year. We anticipate SEK 21.8 billion in net interest income for the full year. Net fee and commission, virtually...

Nicolas McBeath

SEB (Buy, TP: SEK106.00) - Convincing performance

The Q2 results were strong in most aspects, with 6% sequential NII growth the main highlight. We have raised our 2019–2021e EPS by 2–3% and our target price to SEK106 (102). We still see good value at a P/BV of 1.3x, as we expect the bank to report average underlying earnings growth of 5% in 2019–2021, with an ROE of ~13% and a strong capital position.

Niklas Kammer

Morningstar | Skandinaviska Enskilda Banken Reports in Line First-Half 2019 Results; Shares Fairly Valued

No-moat Skandinaviska Enskilda Banken reported first-half 2019 results in line with our full-year expectations. We maintain our fair value estimate of SEK 95 per share. Net interest income of SEK 11 billion, up 5% versus the same period last year, was supported by volume growth of 5% and a positive deposit margin effect after the Swedish repo rate was increased in the beginning of the year. We anticipate SEK 21.8 billion in net interest income for the full year. Net fee and commission, virtually flat year over year, benefited from good activity in the corporate finance business that was offset...

Niklas Kammer

Skandinaviska Enskilda Banken Reports in Line First-Half 2019 Results; Shares Fairly Valued

No-moat Skandinaviska Enskilda Banken reported first-half 2019 results in line with our full-year expectations. We maintain our fair value estimate of SEK 95 per share. Net interest income of SEK 11 billion, up 5% versus the same period last year, was supported by volume growth of 5% and a positive deposit margin effect after the Swedish repo rate was increased in the beginning of the year. We anticipate SEK 21.8 billion in net interest income for the full year. Net fee and commission, virtually...

Nicolas McBeath

Swedish banks - Q2 2019 previews

We have tweaked our 2019–2021e earnings, but we have cut 2019–2021e DPS for all banks bar SEB. We see downside risk to 2020–2021 consensus earnings in particular for SHB and Swedbank, due to ongoing pressure on mortgage margins and a likely slowdown in commercial real estate lending. Our sector top pick over the Q2 results and the next 12 months is SEB (BUY).

Niklas Kammer

Morningstar | We Are Relaunching Coverage of Four Main Nordic Banks; P/FVE Look Attractive but Uncertainty Varies

We are relaunching coverage of four main Nordic banks Handelsbanken, Nordea, SEB, and Swedbank with fair value estimates of SEK 110, SEK 85, SEK 95, and SEK 210, respectively. This corresponds to our four-star ratings for Handelsbanken, Nordea, and Swedbank, while SEB trades in three-star territory. We assign a narrow-moat rating to Handelsbanken and Swedbank based on cost advantages and switching costs. Handelsbanken’s and Swedbank’s strong positions in Sweden--a “good” banking system according to our moat framework--are the foundation of our narrow-moat ratings. Both banks have built strong...

Two Directors bought/sold 32,739 shares at between 106.100SEK and 106.700SEK.

Two Directors at Skandinaviska Enskilda Banken AB (SEB) bought/sold 32,739 shares at between 106.100SEK and 106.700SEK. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activ...

Christer Magnergård ...
  • Jesper Ingildsen
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Alexander Aukner ...
  • Antti Kansanen
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Helge André Martinsen
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Mattias Montgomery
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christer Magnergård ...
  • Eivind Sars Veddeng
  • Joachim Gunell
  • Mattias Montgomery
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling

On track for a strong comeback

SEB 'A' SA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SEB 'A' SA (SE), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 10, 2019, the closing price was SEK 89.28 and its potential was estimated at SEK 97.43.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Danske Bank A/S - Strategy, SWOT and Corporate Finance Report

Summary Danske Bank A/S - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Danske Bank A/S (Danske Bank) together with its subsidiaries provides a range of personal, business, and institutional banking products and services. Its portfolio of products and services includes corporate credit cards, mortgage finance, bilateral loans, working capital financing, capex fi...

MarketLine Department

Intrum Justitia AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Intrum Justitia AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Intrum Justitia AB since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

MarketLine Department

Swedbank AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Swedbank AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Swedbank AB since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights ...

MarketLine Department

Svenska Handelsbanken AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Svenska Handelsbanken AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Svenska Handelsbanken AB since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive a...

MarketLine Department

Skandinaviska Enskilda Banken AB - Strategy, SWOT and Corporate Finance Report

Synopsis Skandinaviska Enskilda Banken AB - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on Skandinaviska Enskilda Banken AB required for business and competitor intelligence needs - A study of the major internal and external factors affecting Skandinaviska Enskilda Banken AB in the form of a SWOT analysis - An in-depth view of the business mode...

SKANDINAVISKA – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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