Streetbeat News

SWDBY

Swedbank AB

https://www.swedbank.com/

Industry

Monetary Authorities-Central Bank

Open

22.34

Mkt cap

25B

Volume

2.1K

High

22.53

P/E Ratio

8.00

52-wk high

22.84

Low

22.34

Div yield

0.06

52-wk low

18.52

Swedbank reported Q3 2024 earnings of $0.80 per share, surpassing the $0.68 estimate, marking a 6.27% increase from last year. However, sales dropped 31.28% to $1.174 billion from $1.708 billion year-over-year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 5:13 am

Cevian Capital AB has invested in UBS Group AG, acquiring about 1.3% of the bank, with the aim of challenging Morgan Stanley's position in wealth management. Cevian's €1.2 billion investment is based on the belief that UBS can double its share price in the next 2-3 years, especially after the acquisition of Credit Suisse. UBS's shares have risen by 50% since the Credit Suisse rescue announcement, and the bank is expected to reveal more about its strategy in February. Cevian's investment history includes stakes in Danske Bank, Swedbank, and a board position in Nordea Bank.

Portfolio Pulse from Shivani Kumaresan

December 19, 2023 | 1:15 pm

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