|Bid||106.00 x 0|
|Ask||106.40 x 0|
|Day's range||105.60 - 106.60|
|52-week range||94.00 - 123.70|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||11.24|
|Forward dividend & yield||5.00 (4.74%)|
|Ex-dividend date||24 Mar 2022|
|1y target est||110.00|
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).