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The latest update is out from Swedbank ( ($SE:SWED.A) ).
Swedbank has completed the acquisition of Entercard, making it the sole owner of one of the Nordic region’s leading credit market companies. This strategic move positions Swedbank as the largest card business in the Nordic-Baltic region, enhancing customer value through integrated offerings and cross-selling opportunities. The acquisition, valued at approximately SEK 2.75 billion, is expected to impact Swedbank’s CET1 capital ratio and credit loss provisions but is anticipated to contribute positively to the Group’s return on equity in the medium term.
The most recent analyst rating on ($SE:SWED.A) stock is a Sell with a SEK280.00 price target. To see the full list of analyst forecasts on Swedbank stock, see the SE:SWED.A Stock Forecast page.
More about Swedbank
Swedbank is a leading financial institution with over 7 million retail customers and 550,000 corporate customers across Sweden, Estonia, Latvia, and Lithuania. The bank also operates in other Nordic countries, the U.S., and China, focusing on providing a financially sound and sustainable society. Swedbank empowers individuals and businesses to create a better future through its comprehensive banking services.
YTD Price Performance: 50.33%
Average Trading Volume: 1,742,099
Technical Sentiment Signal: Buy
Current Market Cap: SEK336.8B
Learn more about SWED.A stock on TipRanks’ Stock Analysis page.