Latest news with #SvenskaHandelsbankenAB
Business Insider
2 days ago
- Business
- Business Insider
Svenska Handelsbanken AB (0R7R) Receives a Sell from Kepler Capital
In a report released on June 11, Markus Sandgren from Kepler Capital maintained a Sell rating on Svenska Handelsbanken AB (0R7R – Research Report), with a price target of SEK121.00. The company's shares closed last Wednesday at SEK127.58. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sandgren covers the Financial sector, focusing on stocks such as Svenska Handelsbanken AB, Intrum Justitia AB, and Collector AB. According to TipRanks, Sandgren has an average return of 11.3% and an 83.78% success rate on recommended stocks. Svenska Handelsbanken AB has an analyst consensus of Moderate Sell, with a price target consensus of SEK117.57. Based on Svenska Handelsbanken AB's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of SEK14.81 billion and a net profit of SEK6.32 billion. In comparison, last year the company earned a revenue of SEK15.25 billion and had a net profit of SEK6.6 billion
Bloomberg
30-04-2025
- Business
- Bloomberg
Handelsbanken's Lending Profit Beats as Business Volumes Hold
Swedish lender Svenska Handelsbanken AB reported better-than-expected profit from lending as business volumes held up relatively well. Net interest income in the first quarter fell 2% from a year ago to 11.35 billion kronor ($1.2 billion), the Stockholm-based bank said on Wednesday. Analysts polled by Bloomberg had forecast 11.06 billion kronor.
Yahoo
31-03-2025
- Business
- Yahoo
Sweden's Krona Set for More Gains After Best Quarter in 15 Years
(Bloomberg) -- Even after the best quarter in a decade and a half, Sweden's currency rally still has room to run, SEB AB and Svenska Handelsbanken AB say. Gold-Rush Fever Returns to Historic New Zealand Mining Town What Frank Lloyd Wright Learned From the Desert Bank Regulators Fight for Desks as OCC Returns to New York Tower These US Bridges Face High Risk of Catastrophic Ship Strikes Charter Schools, Colleges Push Muni Debt Distress Near Record Despite short-term hurdles, the krona will strengthen a further 3% versus the euro by the end of the year, according to a SEB survey. It's already up about 10% versus the dollar and almost 6% versus the euro in the first three months, the best performance in the period among Group-of-10 currencies in both cases, data compiled by Bloomberg show. A three-year period of persistent weakness finally appears to be ending for the krona as Sweden's economy recovers and Europe prepares to unleash hundreds of billions of euros in military spending. Sweden could benefit more than other nations because its defense exports are among the biggest of major economies when measured as a share of gross domestic product. Companies including Saab AB and BAE Systems Hagglunds AB produce everything from fighter jets and submarines to support weapons, combat vehicles and airborne early-warning and control platforms. The general outlook 'is for a stronger krona for longer,' says Karl Steiner, head of analysis at SEB in Stockholm. Bets on the currency have shifted significantly in favor of more gains, SEB says. A recent survey by the bank shows net overweight krona positions held by domestic investors are close to a record high. The rest of the market is seen as underweight, suggesting there may be room for offshore investors to turn more bullish in the future, Steiner said. The survey respondents predict that one euro will buy 10.70 krona by mid-year — less than the 10.75 forecast in a Bloomberg FX poll — and just 10.50 by the end of 2025. Michel Gubel, currency strategist at Svenska Handelsbanken AB in Stockholm, also sees more krona strength, though its immediate path may not be so smooth. Short-term Hurdles The currency typically faces seasonal outflows around this time of year as foreign investors reinvest the krona-denominated dividends they've earned from holding Swedish stocks, Gubel said. According to MUFG's Derek Halpenny, the krona's gains look a little overdone, which means the currency could take bigger hit than peers should Donald Trump's April 2 tariff announcement spook markets. A slide in the euro to around $1.06 would likely drive the krona back to 11.00 versus the common currency, he said. At the same time, SEB's Steiner calls them 'short-term tactical risks.' 'The major view is for a strategically stronger krona,' he said. Trump's IRS Cuts Are Tempting Taxpayers to Cheat Google Is Searching for an Answer to ChatGPT Israel Aims to Be the World's Arms Dealer Business Schools Are Back How a US Maker of Rat-Proof Trash Bins Got Boxed in by Trump's Tariffs ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
05-02-2025
- Business
- Bloomberg
Handelsbanken's Lending Profit Beats on Higher Business Volumes
Swedish lender Svenska Handelsbanken AB reporter better-than-expected profit from lending as higher business volumes offset the impact of negative margin effects from lower policy rates. Net interest income in the fourth quarter fell 4% from a year ago to 11.75 billion kronor ($1.1 billion), the Stockholm-based bank said on Wednesday. Analysts polled by Bloomberg had forecast 11.35 billion kronor.
