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

Derya Guzel

Morningstar | Handelsbanken's 1Q Results Affected by Employee Profit-Sharing Cancellation; FVE Unchanged

Handelsbanken, or SHB, reported first-quarter 2019 results of SEK 4.8 billion, compared with SEK 4 billion in 2018, after its board decided to cancel employee profit-sharing payouts for 2018. This resulted in a provision write-back of SEK 827 million and a material uplift in operating and bottom-line figures. Excluding this effect, operating profit was virtually flat in the quarter at SEK 5.6 billion. Net interest income grew 4% compared with 2018, owing to higher volumes because currency effects and mandatory government fees more than offset the negative impact of margins and funding costs. E...

Derya Guzel

Handelsbanken's Q1 19 Results Affected by Employee Profit-Sharing Cancellation; FVE Unchanged

Handelsbanken, or SHB, reported first-quarter 2019 results of SEK 4.8 billion, compared with SEK 4 billion in 2018, after its board decided to cancel employee profit-sharing payouts for 2018. This resulted in a provision write-back of SEK 827 million and a material uplift in operating and bottom-line figures. Excluding this effect, operating profit was virtually flat in the quarter at SEK 5.6 billion. Net interest income grew 4% compared with 2018, owing to higher volumes because currency effect...

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

Morningstar | Handelsbanken's 1Q Results Affected by Employee Profit-Sharing Cancellation; FVE Unchanged

Handelsbanken, or SHB, reported first-quarter 2019 results of SEK 4.8 billion, compared with SEK 4 billion in 2018, after its board decided to cancel employee profit-sharing payouts for 2018. This resulted in a provision write-back of SEK 827 million and a material uplift in operating and bottom-line figures. Excluding this effect, operating profit was virtually flat in the quarter at SEK 5.6 billion. Net interest income grew 4% compared with 2018, owing to higher volumes because currency effects and mandatory government fees more than offset the negative impact of margins and funding costs. E...

Derya Guzel

Handelsbanken's Q1 19 Results Affected by Employee Profit-Sharing Cancellation; FVE Unchanged

Handelsbanken, or SHB, reported first-quarter 2019 results of SEK 4.8 billion, compared with SEK 4 billion in 2018, after its board decided to cancel employee profit-sharing payouts for 2018. This resulted in a provision write-back of SEK 827 million and a material uplift in operating and bottom-line figures. Excluding this effect, operating profit was virtually flat in the quarter at SEK 5.6 billion. Net interest income grew 4% compared with 2018, owing to higher volumes because currency effect...

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...

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...

MarketLine Department

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

Summary Marketline's Nordea Bank 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 Nordea Bank 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 Highl...

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

Danske Bank A/S - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Danske Bank A/S 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 Danske Bank A/S 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 Hig...

MarketLine Department

HSBC Holdings Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's HSBC Holdings Plc 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 HSBC Holdings Plc 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...

MarketLine Department

Skandinaviska Enskilda Banken AB - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Skandinaviska Enskilda Banken 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 Skandinaviska Enskilda Banken 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 i...

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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