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

Swedbank AB (publ) (OTCMKTS:SWDBY) announced its quarterly earnings data on Thursday. The financial services provider reported SEK 0.70 earnings per share (EPS) for the quarter, Zacks reports. Swedbank AB (publ) had a return on equity of 17.38% and a net margin of 25.27%.

Swedbank AB (publ) Stock Up 4.4 %

OTCMKTS:SWDBY traded up SEK 0.91 during trading hours on Thursday, hitting SEK 21.68. The company’s stock had a trading volume of 54,400 shares, compared to its average volume of 29,977. Swedbank AB has a 52-week low of SEK 18.52 and a 52-week high of SEK 22.84. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 4.28. The stock has a market capitalization of $24.40 billion, a P/E ratio of 7.42, a price-to-earnings-growth ratio of 0.88 and a beta of 0.91. The stock has a fifty day moving average of SEK 19.99 and a 200-day moving average of SEK 20.40.

Wall Street Analysts Forecast Growth

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