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

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

Swedbank AB (publ) Stock Performance

Shares of OTCMKTS:SWDBY traded up SEK 0.91 during mid-day trading on Thursday, reaching SEK 21.68. The company had a trading volume of 54,400 shares, compared to its average volume of 29,977. Swedbank AB has a one year low of SEK 18.52 and a one year 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 company’s 50-day moving average price is SEK 19.99 and its 200-day moving average price is SEK 20.40. The firm has a market cap of $24.40 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 0.88 and a beta of 0.91.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded 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.