Swedbank (OTCMKTS:SWDBY) Posts Quarterly Earnings Results

Swedbank (OTCMKTS:SWDBY) announced its quarterly earnings data 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 Trading Down 3.2%

Shares of OTCMKTS:SWDBY opened at SEK 37.34 on Friday. The company has a 50 day moving average of SEK 36.62 and a 200-day moving average of SEK 36.63. The firm has a market cap of $41.98 billion, a P/E ratio of 12.49, a P/E/G ratio of 2.04 and a beta of 0.69. Swedbank has a twelve month low of SEK 25.58 and a twelve month high of SEK 40.58.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SWDBY shares. Zacks Research downgraded shares of Swedbank from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Citigroup reissued a “neutral” rating on shares of Swedbank in a research report on Tuesday, July 7th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swedbank in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock 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.