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Swedbank ( ($SE:SWED.A) ) has shared an announcement.
Swedbank said the U.S. Department of Justice has closed its investigation into the bank’s historical anti-money laundering practices without taking enforcement action, allowing the lender to draw a line under one of the major probes into past compliance shortcomings. However, an investigation by the New York Department of Financial Services remains ongoing, and the bank stated it cannot yet assess the potential financial impact or timing of that process, leaving some regulatory uncertainty in place for investors and other stakeholders.
The most recent analyst rating on ($SE:SWED.A) stock is a Buy with a SEK365.00 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 Nordic-Baltic banking group with more than 7 million retail customers and 550,000 corporate clients across its core markets of Sweden, Estonia, Latvia and Lithuania, and additional presence in other Nordic countries, the U.S. and China, offering a broad range of financial services aimed at fostering a financially sound and sustainable society.
Average Trading Volume: 1,952,627
Technical Sentiment Signal: Buy
Current Market Cap: SEK366.9B
For a thorough assessment of SWED.A stock, go to TipRanks’ Stock Analysis page.