Swedbank (OTCMKTS:SWDBY - Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported SEK 0.72 earnings per share (EPS) for the quarter, Zacks reports. Swedbank had a net margin of 24.34% and a return on equity of 16.45%.
Swedbank Price Performance
Shares of OTCMKTS SWDBY traded down SEK 0.32 during midday trading on Thursday, hitting SEK 24.98. The company's stock had a trading volume of 7,378 shares, compared to its average volume of 25,153. The business's fifty day simple moving average is SEK 26.26 and its two-hundred day simple moving average is SEK 24.14. Swedbank has a 1 year low of SEK 18.71 and a 1 year high of SEK 27.60. The firm has a market capitalization of $28.11 billion, a price-to-earnings ratio of 8.64 and a beta of 0.78.
Wall Street Analysts Forecast Growth
SWDBY has been the topic of several research analyst reports. Hsbc Global Res downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, UBS Group cut shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 6th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold".
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Swedbank Company Profile
(
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Swedbank AB (publ) provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China. The company operates through three business areas: Swedish Banking, Baltic Banking, and Corporates and Institutions.
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