Svenska Handelsbanken Series A,

Svenska Handelsbanken is a commercial bank for both private and corporate customers. Co. has six home markets: Sweden, the U.K., Denmark, Finland, Norway and the Netherlands. Co. has four business areas: Handelsbanken Capital Markets, which includes operations for investment banking, asset management, and also pensions and insurance; Stadshypotek, a mortgage provider; Forestry and Farming, which provides financial advice to forest owners and farmers; and Handelsbanken Direkt, which is engaged in business and product development of standardised banking services for the private and corporate market. At Dec 31 2013, Co. had total assets of SEK 2.49 trillion and deposits of SEK 825.21 billion.
  • TickerSHB A
  • ISINSE0007100599
  • ExchangeNasdaq Nordic Stockholm
  • SectorBanks
  • CountrySweden

Analysts

Expert Corporate Governance Service (ECGS)

Svenska HandelsBanken, March 27, 2019

In general, Svenska Handelsbanken ("Handelsbanken") is in compliance with the Swedish regulations relating to the organisation and procedures of the AGM. Under ITEM 16, the nomination committee proposes to increase the remuneration of the board of directors by around 3%. In ECGS' view the current fees are already at the upper level of Swedish market practice for a company with the size and complexity of Handelsbanken and it therefore does not approve of any increases without adequate justification. Since the proposal is not adequately justified, ECGS recommends to vote OPPOSE. Under ITEMS 17...

Svenska – 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...

Derya Guzel

Morningstar | Handelsbanken Reports Good Full-Year 2018; Fair Value Estimate Unchanged

Handelsbanken reported operating profit of SEK 22 billion, up 3% from last year if one adjusts for non-recurring items, as income outpaced higher expenses in 2018. Income generation was healthy with both net interest income and net fee and commission income growing 5% year over year supported by 7% loan growth and an uptick of 11% in fund management and asset custody fees. Net credit losses came in lower than our expectations at 4 basis points, however, we do not think that such low levels are sustainable through the cycle. We expect a very good, albeit higher than in 2018, credit loss ratio o...

Derya Guzel

Handelsbanken Reports Good Full-Year 2018; Fair Value Estimate Unchanged

Handelsbanken reported operating profit of SEK 22 billion, up 3% from last year if one adjusts for non-recurring items, as income outpaced higher expenses in 2018. Income generation was healthy with both net interest income and net fee and commission income growing 5% year over year supported by 7% loan growth and an uptick of 11% in fund management and asset custody fees. Net credit losses came in lower than our expectations at 4 basis points, however, we do not think that such low levels are s...

SVENSKA HANDBKN.'A' PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SVENSKA HANDBKN.'A' PLC. (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 February 15, 2019, the closing price was SEK 102.65 and its potential was estimated at SEK 109.61.

Derya Guzel

Morningstar | Handelsbanken Reports Good Full-Year 2018; Fair Value Estimate Unchanged

Handelsbanken reported operating profit of SEK 22 billion, up 3% from last year if one adjusts for non-recurring items, as income outpaced higher expenses in 2018. Income generation was healthy with both net interest income and net fee and commission income growing 5% year over year supported by 7% loan growth and an uptick of 11% in fund management and asset custody fees. Net credit losses came in lower than our expectations at 4 basis points, however, we do not think that such low levels are sustainable through the cycle. We expect a very good, albeit higher than in 2018, credit loss ratio o...

Derya Guzel

Handelsbanken Reports Good Full-Year 2018; Fair Value Estimate Unchanged

Handelsbanken reported operating profit of SEK 22 billion, up 3% from last year if one adjusts for non-recurring items, as income outpaced higher expenses in 2018. Income generation was healthy with both net interest income and net fee and commission income growing 5% year over year supported by 7% loan growth and an uptick of 11% in fund management and asset custody fees. Net credit losses came in lower than our expectations at 4 basis points, however, we do not think that such low levels are s...

Derya Guzel

We Maintain Handelsbanken's FVE After Full-Year 2018 Results

Svenska Handelsbanken reported good third-quarter results in line with our expectations. On a year-to-date basis, total income increased to SEK 32.7 billion versus SEK 30.1 billion in the year-ago period. The biggest driving factors were higher lending volumes, up 8%, more than offsetting weaker margins while higher fund and asset management commissions counteracted lower brokerage income. Both net interest income and net fee and commission income increased 6% period over period, bringing in a c...

Derya Guzel

Morningstar | Svenska Handelsbanken Reports Good Third-Quarter Results in Line With Expectations: FVE Maintained

Svenska Handelsbanken reported good third-quarter results in line with our expectations. On a year-to-date basis, total income increased to SEK 32.7 billion versus SEK 30.1 billion in the year-ago period. The biggest driving factors were higher lending volumes, up 8%, more than offsetting weaker margins while higher fund and asset management commissions counteracted lower brokerage income. Both net interest income and net fee and commission income increased 6% period over period, bringing in a combined SEK 31 billion versus SEK 29.2 billion last year. Despite higher staff and other expenses, o...

Derya Guzel

Svenska Handelsbanken Reports Good Third-Quarter Results in Line With Expectations: FVE Maintained

Svenska Handelsbanken reported good third-quarter results in line with our expectations. On a year-to-date basis, total income increased to SEK 32.7 billion versus SEK 30.1 billion in the year-ago period. The biggest driving factors were higher lending volumes, up 8%, more than offsetting weaker margins while higher fund and asset management commissions counteracted lower brokerage income. Both net interest income and net fee and commission income increased 6% period over period, bringing in a c...

1 director bought

A director at Svenska Handelsbanken Ab bought 803,000 shares at 96.043SEK and the significance rating of the trade was 67/100. 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 activity is restricted under listing rules. The n...

SVENSKA HANDBKN.'A' PLC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SVENSKA HANDBKN.'A' PLC. (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 February 15, 2019, the closing price was SEK 102.65 and its potential was estimated at SEK 109.61.

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...

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Expert Corporate Governance Service (ECGS)

Svenska HandelsBanken, March 27, 2019

In general, Svenska Handelsbanken ("Handelsbanken") is in compliance with the Swedish regulations relating to the organisation and procedures of the AGM. Under ITEM 16, the nomination committee proposes to increase the remuneration of the board of directors by around 3%. In ECGS' view the current fees are already at the upper level of Swedish market practice for a company with the size and complexity of Handelsbanken and it therefore does not approve of any increases without adequate justification. Since the proposal is not adequately justified, ECGS recommends to vote OPPOSE. Under ITEMS 17...

Svenska – 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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