Handelsbanken: A "HOLD" After Outperformance (Downgrade) [Seeking Alpha]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
danskebank.com/investor-relations
Company Research
Source: Seeking Alpha
The bank's 4Q23 results show a solid near-16% RoE, 37% growth in operating profit, and a low C/I ratio. Handelsbanken is AA rated by major agencies and has the highest combined credit ratings among comparable global banks. Looking for a helping hand in the market? Members of iREIT® on Alpha get exclusive ideas and guidance to navigate any climate. Learn More » Dear readers/followers, I have been rating Handelsbanken ( OTCPK:SVNLF OTCPK:SVNLY ) a "BUY" for some time as I am writing this article. The last I wrote about the company was actually back in September of 2023 in this article which you can find here . At the time, results showed expected improvements due to beneficial NII/Interest rate trends, and these trends have continued going into this period. In my previous article, I specified that the company has provided a safe 5-9% yield over the years and remains a strong investment in the Scandinavian finance market. That is still the case, except the yield is now well ov
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News
- Oma Savings Bank Plc's Interim Report 1.1.-31.3.2024: Profit growth continues despite a significant additional allowance – comparable profit before taxes was EUR 25.6 million and increased 6.1 percent [Yahoo! Finance]Yahoo! Finance
- Handelsbanken Earnings Miss as Growing Costs Draw More Focus [BNN Bloomberg (Canada)]BNN Bloomberg
- Inside information, negative profit warning: Oma Savings Bank Plc publishes preliminary information on the result for the first quarter [Yahoo! Finance]Yahoo! Finance
- Svenska Handelsbanken Ab Publ (SVNLY) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Sweden's Riksbank Opens Door to May Cut With Rate Kept at 4% [BNN Bloomberg (Canada)]BNN Bloomberg