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

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

Swedbank AB (publ) Stock Down 2.1 %

Swedbank AB (publ) stock traded down SEK 0.43 during trading hours on Friday, hitting SEK 20.19. The stock had a trading volume of 12,200 shares, compared to its average volume of 15,351. Swedbank AB has a 12-month low of SEK 15.80 and a 12-month high of SEK 22.84. The stock’s 50-day moving average price is SEK 20.80 and its 200-day moving average price is SEK 20.47. The stock has a market capitalization of $22.86 billion, a P/E ratio of 6.89, a price-to-earnings-growth ratio of 0.70 and a beta of 0.93. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 4.52.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Swedbank AB (publ) to a “hold” rating in a research note 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.