Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported SEK 0.70 earnings per share for the quarter, Zacks reports. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%.
Swedbank AB (publ) Trading Up 3.7 %
SWDBY opened at SEK 22.49 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 4.28. Swedbank AB has a twelve month low of SEK 18.52 and a twelve month high of SEK 22.84. The stock has a market capitalization of $25.31 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 0.88 and a beta of 0.91. The company has a 50-day simple moving average of SEK 19.99 and a 200 day simple moving average of SEK 20.40.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group upgraded shares of Swedbank AB (publ) to a “hold” rating in a report on Friday, September 27th.
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.
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