Swedbank (OTCMKTS:SWDBY) Releases Earnings Results

Swedbank (OTCMKTS:SWDBY) issued its earnings results on Friday. The financial services provider reported SEK 0.68 EPS for the quarter, Zacks reports. Swedbank had a net margin of 30.22% and a return on equity of 15.02%.

Swedbank Price Performance

OTCMKTS:SWDBY opened at SEK 38.56 on Friday. Swedbank has a 52 week low of SEK 24.87 and a 52 week high of SEK 40.58. The stock’s fifty day moving average is SEK 36.58 and its two-hundred day moving average is SEK 36.63. The company has a market capitalization of $43.35 billion, a P/E ratio of 12.90, a P/E/G ratio of 2.03 and a beta of 0.69.

Analyst Ratings Changes

SWDBY has been the topic of a number of research reports. Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research note on Wednesday, June 24th. Zacks Research downgraded Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Citigroup restated a “neutral” rating on shares of Swedbank in a report on Tuesday, July 7th. Two research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Swedbank presently has a consensus rating of “Strong Sell”.

Swedbank Company Profile

Swedbank AB is a major Swedish banking group headquartered in Stockholm that provides a broad range of financial services to retail, corporate and institutional clients. The bank’s operations focus on traditional banking functions such as deposit-taking, lending and payment services, as well as wealth management and insurance solutions. Swedbank’s franchise is centered on serving households, small and medium-sized enterprises and larger corporate customers, with an emphasis on everyday banking and long-term client relationships.

Products and services offered by Swedbank include savings and current accounts, mortgages and consumer lending, business loans and transaction banking, payment and card services, and digital banking platforms.