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Swedbank ( ($SE:SWED.A) ) has shared an update.
Swedbank has announced its acquisition of Barclays’ stake in Entercard, making Entercard a wholly owned subsidiary. This strategic move positions Swedbank as the largest card business in the Nordics and Baltics, enhancing its customer offerings and business opportunities. While the acquisition will slightly impact Swedbank’s capital ratio, it aligns with the bank’s long-term business strategy and awaits regulatory approval.
The most recent analyst rating on ($SE:SWED.A) stock is a Hold with a SEK282.00 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 in Sweden and the Baltics, serving over 7 million retail customers and 550,000 corporate clients across its primary markets of Sweden, Estonia, Latvia, and Lithuania. The bank is also active in other Nordic countries, the U.S., and China, focusing on creating a financially sound and sustainable society.
Average Trading Volume: 1,674,130
Technical Sentiment Signal: Buy
Current Market Cap: SEK305.9B
For an in-depth examination of SWED.A stock, go to TipRanks’ Overview page.