How Jefferies Currently Rates SwedbankÂ AB (OTCMKTS:SWDBY)
The firm Jefferies has began coverage on SwedbankÂ AB (OTCMKTS:SWDBY)’s stock, rating it “Underperform”. This was disseminated in an interesting research report on Tuesday morning.
The stock decreased 2.79% or $0.62 on December 8, striking $21.64. Approximately shares of stock traded hands. Swedbank AB (ADR) (OTCMKTS:SWDBY) has declined 3.26% since May 6, 2015 and is downtrending. It has underperformed by 2.47% the S&P500.
Swedbank AB is a savings bank. The Company serves around eight million private clients and around 0.6 million corporate clients in its home markets of Sweden, Estonia, Latvia and Lithuania. The company has a market cap of $25.34 billion. The Company’s divisions include Swedish Banking, Baltic Banking and Large Corporates & Institutions. It has 12.59 P/E ratio. The Company’s Swedish Banking segment offers services through Swedbank’s own branch network, the Telephone Bank, the Internet Bank and the distribution network of the independent savings banks.
According to Zacks Investment Research, “Swedbank is a leading Nordic-Baltic banking group with retail customers and corporate customers in Sweden, Estonia, Lithuania and Latvia. Swedbank’s vision is to be the leading financial institution in the markets where they are present. In Sweden the group has more than 470 branches. In the Baltic countries the group has another 280 branches. Outside of the Nordic-Baltic home markets, the group is present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Moscow, New York, Oslo, Shanghai, St.Petersburg and Tokyo.” Get a free copy of the Zacks research report on Swedbank AB (ADR) (SWDBY).