Swedbank AB (OTCMKTS:SWDBY – Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of SEK 35.32 and traded as low as SEK 35.07. Swedbank shares last traded at SEK 35.43, with a volume of 35,200 shares trading hands.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SWDBY shares. Citigroup restated a “neutral” rating on shares of Swedbank in a research report on Thursday, May 7th. Zacks Research lowered Swedbank from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swedbank in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.
Get Our Latest Research Report on SWDBY
Swedbank Stock Performance
Swedbank (OTCMKTS:SWDBY – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported SEK 0.71 earnings per share (EPS) for the quarter. The firm had revenue of SEK 1.87 billion for the quarter. Swedbank had a return on equity of 15.02% and a net margin of 30.22%. On average, sell-side analysts expect that Swedbank AB will post 3.11 EPS for the current year.
About Swedbank
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.
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