Swedbank (OTCMKTS:SWDBY - Get Free Report) announced its quarterly earnings results on Thursday. The financial services provider reported SEK 0.72 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of SEK 1.76 billion for the quarter. Swedbank had a net margin of 25.22% and a return on equity of 16.47%.
Swedbank Stock Up 1.3%
Shares of OTCMKTS SWDBY traded up SEK 0.34 during trading on Friday, hitting SEK 25.58. The stock had a trading volume of 18,400 shares, compared to its average volume of 17,849. Swedbank has a 12 month low of SEK 18.71 and a 12 month high of SEK 27.60. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.54 and a quick ratio of 1.54. The company has a market capitalization of $28.79 billion, a PE ratio of 8.82 and a beta of 0.78. The firm has a fifty day moving average of SEK 26.26 and a two-hundred day moving average of SEK 24.22.
Wall Street Analysts Forecast Growth
SWDBY has been the topic of several research reports. Citigroup lowered shares of Swedbank from a "strong-buy" rating to a "hold" rating in a report on Monday, March 31st. UBS Group downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Hsbc Global Res downgraded shares of Swedbank from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".
Read Our Latest Stock Report on SWDBY
About Swedbank
(
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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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