Swedbank AB (publ) (OTCMKTS:SWDBY) Announces Earnings Results

Swedbank AB (publ) (OTCMKTS:SWDBY) posted its quarterly earnings results on Wednesday. The financial services provider reported SEK 0.80 EPS for the quarter, beating analysts’ consensus estimates 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) Price Performance

Shares of SWDBY stock traded up SEK 0.02 during trading hours on Friday, hitting SEK 20.21. The stock had a trading volume of 11,500 shares, compared to its average volume of 15,332. Swedbank AB has a one year low of SEK 15.80 and a one year high of SEK 22.84. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.53 and a quick ratio of 1.53. The stock’s 50-day moving average price is SEK 20.80 and its two-hundred day moving average price is SEK 20.47. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.70 and a beta of 0.93.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised 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.