UBS Group cut shares of Swedbank AB (publ) (OTCMKTS:SWDBY – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Friday,Zacks.com reports.
A number of other research firms also recently issued reports on SWDBY. Citigroup downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 31st. Hsbc Global Res downgraded shares of Swedbank AB (publ) from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Swedbank AB (publ) has an average rating of “Hold”.
Read Our Latest Research Report on Swedbank AB (publ)
Swedbank AB (publ) Stock Down 1.0%
Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) last released its earnings results on Tuesday, April 29th. The financial services provider reported SEK 0.68 earnings per share (EPS) for the quarter. Swedbank AB (publ) had a net margin of 23.64% and a return on equity of 16.95%. The company had revenue of SEK 1.62 billion for the quarter. As a group, sell-side analysts predict that Swedbank AB will post 2.34 EPS for the current fiscal year.
Swedbank AB (publ) Company Profile
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.
See Also
- Five stocks we like better than Swedbank AB (publ)
- Profitably Trade Stocks at 52-Week Highs
- Five Below Pops on Strong Earnings, But Rally May Stall
- What Are the FAANG Stocks and Are They Good Investments?
- Intel’s Dual Gamble: AI Innovation Now, Foundry Fortunes Later?
- What Makes a Stock a Good Dividend Stock?
- X: 1 Reason to Bet on U.S. Steel, and 1 Reason to Hold Back
Receive News & Ratings for Swedbank AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Swedbank AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.