|Bid||13.9000 x 0|
|Ask||14.9600 x 0|
|Day's range||14.4000 - 14.4000|
|52-week range||14.4000 - 16.6800|
|Beta (5Y monthly)||0.78|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Today we'll take a closer look at Swedbank AB (publ) (STO:SWED A) from a dividend investor's perspective. Owning a...
Sweden's financial stability and the country's banks are still not affected by the turmoil on financial markets, the financial markets minister said on Tuesday. Bolund also said banks and credit institutions should refrain from paying dividends to shareholders under the current circumstances, echoing comments earlier on Tuesday from the financial watchdog.
Investors in Swedbank AB (publ) (STO:SWED A) had a good week, as its shares rose 6.9% to close at kr144 following the...
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: email@example.com AUTOS: "NO REASON TO GET BULLISH" (1204 GMT) If you ever though about buying into European autos lured by their cheapness, here's a UBS note that could change your mind. OEMs still have a cost issue (high investments & margin pressure from CO2 compliance) that will also negatively affect supplier earnings in 2020 That said (and not to mention the risk that Trump makes EU cars his next trade war target ), UBS believes cost cutting alone is unlikely to offset these negatives and anticipates consensus downgrades further down the road.
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: firstname.lastname@example.org HISTORY LESSONS: CRISES CAN BE BUYING OPPORTUNITIES (0926 GMT) Stocks may be in a precarious state today and more downside looks still likely, but the idea that this new China virus crisis could turn out to be a buying opportunity is bouncing around in more than one broker note. Today Deutsche Bank says something similar on airlines.
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
European shares closed lower for the first time in seven sessions on Tuesday, as weak earnings dampened optimism surrounding the U.S.-China trade progress and ahead of an expected interest-rate cut by the U.S. Federal Reserve later this week. "The markets are at new highs in Europe and in the U.S. and that is also something that could be pushing investors to take some profit," said Roland Kaloyan, head of European equity strategy at Société Générale. Finnish paper firm Stora Enso's slumped 5.1% as its quarterly profit dropped and it warned of global political uncertainties.
Swedbank AB (publ) (STO:SWED A) shareholders should be happy to see the share price up 12% in the last month. But that...
Sweden has rejected an appeal from campaigning investor Bill Browder which had urged authorities to pursue a complaint alleging accounts at Swedbank were used to launder money, the Economic Crime Authority (EBM) said on Wednesday. Browder's complaint was originally filed in March and was dismissed a month later as the transfers involving Swedish accounts had occurred before tighter anti-money laundering legislation was introduced in 2014 and as the statute of limitations had expired in the case. Browder appealed, but the EBM said it had rejected his appeal.
Swedbank's nomination committee proposed two new board members and called for an extraordinary meeting to be held before June 21, as Sweden's oldest lender tries to recover from a money-laundering scandal in the Baltics. Swedbank's reputation has been marred since it was linked to a money-laundering scandal at Danske Bank, which has said that its Estonia branch was used to move some 200 billion euros (173 billion pounds) of suspicious funds between 2007 and 2015. The committee proposed Bo Magnusson, who currently chairs two Swedish banks, as vice chairman of the board and Josefin Lindstrand, a lawyer with international experience of working on anti-money laundering issues, as a member.
Swedbank's nomination committee has proposed former prime minister Goran Persson as chairman of the Swedish banking group, which has spent recent months contending with the fallout of alleged money laundering in its Baltic business. Persson served as prime minister for the centre-left Social Democratic for a decade until 2006, and has since pursued various business interests. "Goran has an impressive list of achievements, a broad international contact network and experience of financial operations," Lennart Haglund, chairman of the bank's nomination committee, said in a statement on Sunday.
Swedbank admitted to failings in combating money laundering on Thursday and said it was under investigation by multiple U.S. authorities, piling more pressure on the bank as it tries to rebuild its reputation. Sweden's oldest bank, whose CEO and chairman have both left as money laundering allegations snowballed, is already facing a joint probe by financial watchdogs in Sweden and the Baltics and another by Sweden's economic crimes body. Swedbank has found itself caught up in a regional money laundering scandal originating with Danske Bank, which said last year that 200 billion euros (£174 billion) of suspicious funds moved through its Estonia branch between 2007 and 2015.
Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal. Swedish broadcaster SVT reported in March that Swedbank processed gross transactions worth up to 20 billion euros (£76.68 billion) a year from high-risk, non-resident clients, mostly Russians, that passed through its Estonian branch between 2010 and 2016. Swedbank is already being investigated by Swedish and Baltic authorities over possible links to a money laundering scandal centred around 230 billion euros in suspicious payments that moved through Danske Bank's Estonian branch from 2007 to 2015.
The European Central Bank (ECB) is looking into Swedbank's Estonian operations, Swedish daily Dagens Nyheter reported on Wednesday, citing an undisclosed source. The ECB wants to know how well Swedbank's Estonian subsidiary kept itself informed about its customers, the paper said, citing the source. The newspaper also reported, citing the Swedish financial supervisory authority, that it had shared with the ECB a report commissioned by Swedbank on its Baltic operations.
Swedish bank SEB's fund management arm has cut its stake in rival Swedbank by just over half, citing risks Sweden's biggest mortgage lender faces due to its alleged involvement in a fast-growing Baltic money laundering scandal. Swedbank has come under heavy criticism from politicians, investors and the general public over allegations that its Baltic operations processed billions of dollars of transactions linked to Russian money laundering. The scandal, which broke on Feb. 20, has led to Swedbank's CEO and chairman leaving and the launch of several regulatory investigations into the bank.