Swedbank AB Series A

Swedbank provides financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. Co. has four segments: Swedish Banking, which is responsible for all its Swedish customers except corporates and financial institutions; Large Corporates and Institutions, which is responsible for large corporates, financial institutions and banks as well as for trading and capital market products; Baltic Banking, which operates in Estonia, Latvia and Lithuania; and Group Functions and Other. At Dec 31 2013, Co. had 731 branches and 1,396 automated teller machines. Also as of such date, Co. had total assets of SEK1.82 trillion and deposits of SEK620.85 billion.
  • TickerSWED A
  • ISINSE0000242455
  • ExchangeNasdaq Nordic Stockholm
  • SectorBanks
  • CountrySweden

Analysts

ING
Suvi Platerink Kosonen

Swedish banks/Quality doesn't come cheap

Swedish banks have started the build-up of their loss absorption buffers slowly, which led the Swedish Riksgälden to urge the banks to take action. Swedish banks flag to issue

1 director bought

A director at Swedbank Ab bought 10,000 shares at 126.960SEK and the significance rating of the trade was 75/100. 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 names of board...

Niklas Kammer

Morningstar | Swedbank Reports In-Line 1H 2019 Results and Increases Solvency Buffer Target

Narrow-moat Swedbank posted first-half 2019 results largely in line with our full-year expectations. Operating profits increased marginally to SEK 13.2 billion from SEK 13 billion in the same period of 2018, excluding the divestment of UC. The stable performance comes as a result of healthy income generation more than offsetting higher expenses, which were mainly related to higher anti-money-laundering, or AML, staff and compliance costs. Swedbank also announced new solvency targets in light of its AML issues. It now aims to build capital buffers between 100 and 300 basis points above regulato...

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Nothern Lights

Ibrahim Firdaus

Swedbank AB

Swedbank AB: Update with year-end 2016 results

FINANCIAL INSTITUTIONS CREDIT OPINION 21 April 2017 Update RATINGS Swedbank AB Domicile Sweden Long Term Debt Aa3 Type Senior Unsecured - Fgn Curr Outlook Stable Long Term Deposit Aa3 Type LT Bank Deposits - Fgn Curr Outlook

Swedbank AB: Q4 2016 Results: Lending Volumes Boost Net Interest Income, Offsetting Headwinds From Negative Interest Rates

FINANCIAL INSTITUTIONS ISSUER COMMENT 3 February 2017 Analyst Contacts Andrea Usai 44-20-7772-1058 Senior Vice President [email protected] Louise Lundberg 46-8-5025-6568 VP-Sr Credit Officer [email protected] Aleksandar Hristov 44-20-7772-1071 Associate Analyst [email protected] Jean-Francois Tremblay 44-20-7772-5653 Associate Managing Director

Niklas Kammer

Morningstar | Swedbank Reports In-Line 1H 2019 Results and Increases Solvency Buffer Target

Narrow-moat Swedbank posted first-half 2019 results largely in line with our full-year expectations. Operating profits increased marginally to SEK 13.2 billion from SEK 13 billion in the same period of 2018, excluding the divestment of UC. The stable performance comes as a result of healthy income generation more than offsetting higher expenses, which were mainly related to higher anti-money-laundering, or AML, staff and compliance costs. Swedbank also announced new solvency targets in light of its AML issues. It now aims to build capital buffers between 100 and 300 basis points above regulato...

Nicolas McBeath

Swedbank (Hold, TP: SEK147.00) - DPS cut to aggravate ROE trend

In our view, the main news in Swedbank’s Q2 report was its reduced payout policy, which has caused us to lower our 2020–2021e DPS by 33–13%. We expect the higher capital build to exacerbate the ongoing ROE decline (driven mainly by mortgage margin pressure and cost inflation), with a 2021e ROE at ~12% (down from ~15% currently). We reiterate HOLD, but have cut our target price to SEK147 (157). We find the shares fairly valued given current uncertainties, but still see 6–10% downside to consensus earnings for 2020–2021e.

Niklas Kammer

Swedbank Reports In-Line 1H 2019 Results and Increases Solvency Buffer Target

Narrow-moat Swedbank posted first-half 2019 results largely in line with our full-year expectations. Operating profits increased marginally to SEK 13.2 billion from SEK 13 billion in the same period of 2018, excluding the divestment of UC. The stable performance comes as a result of healthy income generation more than offsetting higher expenses, which were mainly related to higher anti-money laundering, or AML, staff and compliance costs. Swedbank also announced new solvency targets in light of ...

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...

1 director bought

A director at Swedbank Ab bought 10,000 shares at 126.960SEK and the significance rating of the trade was 75/100. 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 names of board...

Eivind Sars Veddeng ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin

Nothern Lights

Eivind Sars Veddeng ...
  • Håkon Astrup
  • Jimi Lehtonen
  • Jon Berggren
  • Karl-Johan Bonnevier
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Joachim Gunell ...
  • Niclas Gehin
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Christer Magnergård ...
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Antti Kansanen ...
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Martin Arnell
  • Mattias Montgomery
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Patrik Ling

Northern Lights

Ibrahim Firdaus

Swedbank AB

Ibrahim Firdaus

Swedbank AB

Ibrahim Firdaus

Swedbank AB

Ibrahim Firdaus

Swedbank AB

SWEDBANK AB sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of SWEDBANK AB (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 4 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 July 5, 2019, the closing price was SEK 146.65 and its potential was estimated at SEK 172.36.

ING
Suvi Platerink Kosonen

Swedish banks/Quality doesn't come cheap

Swedish banks have started the build-up of their loss absorption buffers slowly, which led the Swedish Riksgälden to urge the banks to take action. Swedish banks flag to issue

ING
Suvi Platerink Kosonen

Nordic banks/Nordic safe haven, right?

We take a look at the Nordic bank fundamentals and relative value in senior and subordinated debt. The Swedish banks such as Handelsbanken, SEB and Swedbank exhibit solid profitability and robust capital generation capacity. Danske and Nordea lagged the Swedes in 1Q19. Please download the full report.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Benelux Credit Digest, Casino, UniCredit and Swedbank

Once again, it is with great pleasure that we present the eleventh edition of our Benelux Credit Digest, our annual overview of the key fundamentals and credit metric developments of the most important corporate and financial credits in Belgium, the Netherlands and Luxembourg. Please see the whole document on our research website.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Swedbank and Verizon Communications

S&P has placed Swedbank's (SWEDA) credit ratings on CreditWatch with negative implications. Swedbank's preferred senior debt is currently rated AA- at S&P. The move is driven by the likely effects on the bank's reputation from the investigation for alleged money laundering and disclosure of insider information and the possible revelation of serious deficiencies in the bank's controls and governance. S&P intends to resolve the review within three months' time.

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Swedbank, Vodafone and EDF

The Swedish SVT indicates that Swedbank (SWEDA) was already in 2013 looking into a potential connection to the Sergei Magnitsky case, citing internal documents. At the time also the head of the Baltic operation, later the CEO of the whole bank, Birgitte Bonnesen was allegedly informed on the matter. Swedbank released a preliminary investigation into the money laundering allegations on Friday releasing few details. The more thorough investigation will likely take months to put together according to the bank. Swedbank is set to hold its annual general meeting on 28 March, likely leading to furth...

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

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

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

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...

Expert Corporate Governance Service (ECGS)

Swedbank - EGM 19 June 2019

In general, Swedbank is in compliance with the Swedish regulations relating to the organisation and procedures of the EGM. Background On February 20, 2019, the Swedish public television service (SVT) released an episode of an investigative television programme ³Uppdrag granskning´ alleging that Swedbank may have been used for money laundering over a 12-year period, including transactions linked to the scandal-hit Danske Bank A/S. Documents seen by SVT showed significant transactions between Danske Bank and Swedbank during the same period, including accounts belonging to companies without con...

Expert Corporate Governance Service (ECGS)

SwedBank, March 28, 2019

In general, Swedbank is in compliance with the Swedish regulations relating to the organisation and procedures of the AGM. Under ITEM 10, discharge of the board of directors & CEO is sought. ECGS notes that Swedbank appears to have become increasingly involved in the same money laundering scandal that hit Danish competitor Danske Bank A/S, following an episode of a Swedish investigative television programme. In connection with said programme, Sweden's Financial Supervisory Authority launched an investigation into the Company together with the equivalent authority in Estonia, since many of the...

Swedbank – 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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch