Swedbank AB Class A
SWED A: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 729.00 | Scdxnmj | Shxl |
Swedbank Earnings: Good Quarterly Performance Closed a Strong 2023
Swedbank reported fourth-quarter 2023 profit before tax of SEK 11.080 billion, down 3% sequentially. Overall, the quarter was good, rounding out a strong 2023 for Swedbank, supported by higher interest rates driving materially stronger net interest income through the year. We maintain our SEK 243 per-share fair value estimate and narrow economic moat rating.