Swedbank AB (publ)
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+ FollowMarket Cap$44.47B
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Earnings Call Q3 2026
October 22, 2026 - AI Summary
Strong Q3 profitability & operating leverage: Profit rose to SEK 8.2bn; ROE 15.6% (underlying ROE ~16% excluding SEK 673m extraordinary costs). Cost-to-income 0.41 (underlying 0.37). Management reaffirmed target ROE ≥15% and C/I ≤0.4 as the steering metrics.
Core income momentum (with volatility in treasury):
- Net interest income +3% QoQ driven by higher business volumes and ECB rates; funding costs up due to higher market rates.
- Net commission income +5% QoQ supported by strong customer activity and AUM inflows.
- A key driver for “headline noise”: treasury revaluations can swing NII by hundreds of millions quarter-to-quarter.
Credit quality solid; impairments reversals despite cautious macro modelling:
- Net reversals of credit impairments: SEK 701m (Entercard risk level taken down + improved macro outlook).
- Total credit impairments net reversals SEK 701m; underlying macro assumptions reduced impairments by SEK 216m.
- Management emphasized ongoing low realized losses and resilient underwriting/collateralization; main concern area is always individual corporate movements.
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Share Statistics
| Market cap | $44.47 Billion |
|---|---|
| Enterprise Value | $803.66 Billion |
| Annual dividend | $3.14 |
| Dividend yield | 7.67% |
| Earnings per Share | $29.14 |
| Beta | 0.56 |
| Outstanding Shares | 1,123,715,000 |
Return
| Return on Equity | 14.89% |
|---|---|
| Return on Assets | 0.93% |
| Return on Invested Capital | 2.10% |
Valuation & Multiples
| P/E Ratio | 14.11 |
|---|---|
| PEG | -311.63 |
| Price to Sales | 0.38 |
| Price to Book Ratio | 0.22 |
| Enterprise Value to Revenue | 6.86 |
| Enterprise Value to EBIT | 20.75 |
| Enterprise Value to Net Income | 26 |
| Total Debt to Enterprise | 1.27 |
| Debt to Equity | 4.93 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 22, 2026
EPS Estimate
$0.73
Consensus analyst estimateRevenue Estimate
$1.82 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 27, 2027
EPS Estimate
$0.74
Consensus analyst estimateRevenue Estimate
$1.88 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.00000% |
|---|---|
| Total Calls | - |
| Total Puts | - |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.00%▼ 0.00% |
|---|---|
| Total Invested | $827,604▼ 42.93% |
| Investors Holding | 4▼ 2.00% |
About Swedbank AB (publ)
18,638 employees
CEO: Jens Henriksson
Swedbank AB (publ), established in 1820 and headquartered in Sundbyberg, Sweden, operates as a leading financial institution, having rebranded from ForeningsSparbanken AB in September 2006. The bank delivers a broad spectrum of banking p...