Swedbank AB (publ) (OTCMKTS:SWDBY) Issues Quarterly Earnings Results

Swedbank AB (publ) (OTCMKTS:SWDBY) announced its quarterly earnings results on Wednesday. The financial services provider reported SEK 0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of SEK 0.68 by SEK 0.12, Yahoo Finance reports. The business had revenue of SEK 3.37 billion for the quarter. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%.

Swedbank AB (publ) Stock Down 2.1 %

Shares of SWDBY stock traded down SEK 0.43 during trading hours on Friday, reaching SEK 20.19. The company had a trading volume of 12,200 shares, compared to its average volume of 15,351. The company has a market cap of $22.86 billion, a price-to-earnings ratio of 6.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The business has a fifty day simple moving average of SEK 20.80 and a 200-day simple moving average of SEK 20.47. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.53 and a quick ratio of 1.53. Swedbank AB has a 12 month low of SEK 15.80 and a 12 month high of SEK 22.84.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Swedbank AB (publ) to a “hold” rating in a report on Friday, September 27th.

About Swedbank AB (publ)

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.