|Bid||92.38 x 0|
|Ask||92.36 x 0|
|Day's range||90.62 - 92.48|
|52-week range||80.88 - 112.90|
|Beta (5Y monthly)||0.62|
|PE ratio (TTM)||8.07|
|Earnings date||19 Jul 2023|
|Forward dividend & yield||5.50 (6.05%)|
|Ex-dividend date||23 Mar 2023|
|1y target est||116.11|
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported first-quarter net profit above market expectations on Wednesday on the back of climbing interest income and said its credit quality remained good against a backdrop of heightened uncertainty. Soaring inflation over the past year has seen central banks crank up key rates radically, boosting interest income for banks such as Handelsbanken, but also spurring their own costs and ramping up pressure on their customers and on property prices. The rival of Swedbank, SEB and Nordea said net profit totalled 6.81 billion Swedish crowns ($661.23 million) versus a year-ago 5.69 billion, topping a mean forecast 6.20 billion, according to Refinitiv estimates.
Sweden's Handelsbanken proposed a lower than expected payout for shareholders and said investments that drove up costs in the fourth quarter were set to continue, sending its shares down 6% on Wednesday. Against a backdrop of record annual and quarterly income in its main markets, Handelsbanken proposed an ordinary dividend of 5.50 crowns per share for 2022, up from 5.00 a year earlier, as well as a special dividend of 2.50 crowns per share. That still fell short of Refinitiv estimates for a total payout of 8.56 crowns per share and analysts at Citi said markets were likely to question an extra dividend that was "modest" in light of income from the sale of the bank's Danish business and ample capital buffers.
Finnish banking group Nordea posted third-quarter operating earnings just above market expectations on Thursday on rising interest income, improving slightly its outlook for costs and income for the full year. Rampant inflation and rapidly tightening monetary policy are lifting interest income for Nordic banks, while mounting costs for households and businesses and slumping real estate markets have yet to translate into higher loan losses. The Nordic region's biggest bank reported an operating profit of 1.30 billion euros ($1.27 billion) in the quarter, up from 1.27 billion a year ago, beating the mean forecast of 1.26 billion euros in a Refinitiv poll of analysts.
Swedish bank Handelsbanken on Wednesday reported forecast-beating record earnings, as interest income jumped in the third quarter in an environment of rising inflation and tighter monetary policy, sending its shares up nearly 5%. The rival of Swedbank, SEB, and Nordea said operating profit totalled 7.27 billion Swedish crowns ($654.5 million) versus year-ago's 6.13 billion, ahead of a mean forecast 6.72 billion, according to Refinitiv estimates. Soaring inflation, fuelled in part by the war in Ukraine, has seen central banks rapidly hike rates, lifting interest income at Swedish banks but also squeezing households and businesses and depressing stock markets, potentially driving a rise in loan losses in the coming quarters.
STOCKHOLM (Reuters) -Swedish bank Handelsbanken reported its second-quarter profit well below forecasts on Friday, after a downturn in capital markets triggered a loss on hedging instruments. Operating earnings at the 150-year-old rival to Swedbank fell to 5.25 billion Swedish crowns ($496.80 million) from 5.67 billion crowns a year ago. "The unusually severe downturn in the capital markets over a short period of time has led to a negative market valuation impact on our hedging instruments," Chief Executive Officer Carina Akerstrom said in the report.
There is great comfort to be found in regular, reliable dividend payouts, especially in times of economic uncertainty. But finding shares that can pay them isn...
Jyske Bank has agreed to buy the Danish operations of Sweden's Handelsbanken for an undisclosed sum, it said on Monday, sending shares in the Danish lender up more than 11%. Handelsbanken, one of Sweden's oldest banks and a major mortgage lender, said in October last year it would exit Denmark and Finland as it saw little chance to grow in those markets without making major investments. While the exact deal value was not disclosed, Handelsbanken said on Monday that an amount based on the present value of the assets would be paid in cash on the transfer date, in addition to a premium of 3 billion Danish crowns ($424.4 million).
Denmark's Jyske Bank is holding discussions with Swedish banking group Handelsbanken to buy its Danish business, the two companies said late on Wednesday. No agreement on the acquisition has been reached," Jyske Bank said in a statement," adding it had no further comments.