Citigroup has lowered its price target for Swedbank to SEK 315 from SEK 330, while reiterating its Neutral recommendation, according to Bloomberg News.
Swedbank AB is a banking group organized around 3 business areas:
- retail banking (70.5% of Net interest income): operating in particular in Sweden (61.1% of Net interest income) and the Baltic States (38.9%; Estonia, Lettonia and Lithuania);
- investment, financial, and market banking (26%): transactions on the stock, interest rate, and exchange markets, financing for large and specialized companies (for projects, acquisitions, etc.), stock brokerage, etc. The group also develops asset management and insurance activities;
- private banking (3.5%).
At the end of 2024, the group managed SEK 1,288.6 billion in current deposits and SEK 1,882.2 billion in current loans;
Banking products and services are marketed through a network of 214 branches located primarily in Sweden (142) and the Baltic States (72).
Net interest income (including intragroup) is distributed geographically as follows: Sweden (63.4%), Lithuania (14.2%), Estonia (11.7%), Latvia (7.3%), Norway (2.1%), the United States (0.3%) and other (1%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
