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Swedbank ( ($SE:SWED.A) ) has issued an update.
Swedbank has announced the acquisition of Stabelo, a mortgage credit institution, to enhance its mortgage business and customer offerings. This strategic move will allow Swedbank to leverage Stabelo’s digital mortgage processes and reach younger, more digital-savvy customers, while maintaining Stabelo’s brand and operations under its current CEO, pending regulatory approval.
The most recent analyst rating on ($SE:SWED.A) stock is a Hold with a SEK250.00 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 a focus on creating a financially sound and sustainable society. It serves over 7 million retail customers and 550,000 corporate clients across Sweden, Estonia, Latvia, and Lithuania, with additional presence in Nordic countries, the U.S., and China.
Average Trading Volume: 2,994,107
Current Market Cap: SEK282.2B
For a thorough assessment of SWED.A stock, go to TipRanks’ Stock Analysis page.