Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of SEK 20.80 and traded as low as SEK 19.62. Swedbank AB (publ) shares last traded at SEK 19.62, with a volume of 34,500 shares.
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.
Check Out Our Latest Analysis on SWDBY
Swedbank AB (publ) Stock Performance
Swedbank AB (publ) (OTCMKTS:SWDBY – Get Free Report) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported SEK 0.71 EPS for the quarter, beating analysts’ consensus estimates of SEK 0.67 by SEK 0.04. Swedbank AB (publ) had a return on equity of 17.66% and a net margin of 25.41%. The firm had revenue of SEK 1.71 billion for the quarter, compared to analyst estimates of SEK 1.68 billion. On average, research analysts predict that Swedbank AB will post 2.57 earnings per share for the current fiscal year.
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.
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