Swedbank AB (publ) (OTCMKTS:SWDBY - Get Free Report) released its earnings results on Wednesday. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of SEK 0.68 by SEK 0.12, Yahoo Finance reports. The firm had revenue of SEK 3.37 billion during the quarter. Swedbank AB (publ) had a net margin of 25.41% and a return on equity of 17.66%.
Swedbank AB (publ) Stock Up 0.1 %
Shares of OTCMKTS SWDBY traded up SEK 0.02 during midday trading on Friday, hitting SEK 20.21. The stock had a trading volume of 11,565 shares, compared to its average volume of 15,333. The business's 50 day moving average is SEK 20.80 and its 200-day moving average is SEK 20.47. Swedbank AB has a 52 week low of SEK 15.80 and a 52 week high of SEK 22.84. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52. The company has a market cap of $22.88 billion, a P/E ratio of 6.89, a PEG ratio of 0.70 and a beta of 0.93.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group upgraded Swedbank AB (publ) to a "hold" rating in a research note on Friday, September 27th.
Read Our Latest Report on Swedbank AB (publ)
About Swedbank AB (publ)
(
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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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