Handelsbanken A stock heads toward October 21 results with 13 percent ROE

Published on 10/05/2026 at 13:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Handelsbanken A stock was trading at SEK 153.20 on October 5, 2026, 2.98 percent below its 52-week high. Q2 operating profit reached SEK 6.7 billion and ROE was 13 percent.

Schwarzweiß-Reportagefoto einer Kundenberatung am Bankschalter — Svenska Handelsbanken (SE0007100599) setzt auf persönliche Beratung am Schalter, dokumentiert in dieser Schwarzweiß-Reportageaufnahme einer Filiale, Illustration mit AI erstellt.

Handelsbanken A (ISIN SE0007100599) was trading at SEK 153.20 on Nasdaq Stockholm on October 5, 2026, 2.98 percent below its 52-week high of SEK 157.90. The bank is heading toward its January to September 2026 interim report on October 21, a date listed in the Handelsbanken financial calendar.

Q2 profit sets the benchmark

Handelsbanken's second-quarter operating profit was SEK 6.7 billion, while return on equity reached 13 percent, according to the bank's Q2 2026 earnings call transcript published by Yahoo Finance on July 15, 2026. Total income reached SEK 13.5 billion and expenses were SEK 6 billion, producing a 44 percent cost-to-income ratio.

The comparison with the first quarter is more demanding. Finance data for Q2 show operating profit of SEK 6.678 billion against SEK 8.195 billion in Q1, a decline of 18.5 percent, while net income fell from SEK 6.357 billion to SEK 5.228 billion, a decline of 17.8 percent.

Interest income remains the pressure point

The same Q2 transcript said first-half net interest income declined 10 percent year over year, with lower short-term market rates weighing on margins. Net fee and commission income increased 8 percent after currency effects, giving the savings business a measurable counterweight to weaker interest income.

The regional mix also matters for the October report. In Q2, operating profit grew 4 percent in Sweden, 11 percent in the United Kingdom, 18 percent in Norway and 13 percent in the Netherlands, according to Yahoo Finance.

Analyst target stays below the quote

MarketScreener reported on September 21, 2026, that BNP Paribas began coverage with an Underperform rating and a SEK 150 price target for Handelsbanken A, linking the view to a valuation that leaves limited room for weaker lending momentum.

A broader MarketScreener consensus covers 17 analysts and carries an Underperform label with an average price target of SEK 137.18, according to its Handelsbanken overview. Mediobanca raised its target from SEK 133 to SEK 149 on September 15, 2026, while retaining Underperform, as reported by MarketScreener.

Handelsbanken A stock nears its yearly high

Handelsbanken A was trading at SEK 153.20 on Nasdaq Stockholm on October 5, 2026 at 1:41 p.m. CEST, up 0.23 percent from the previous close of SEK 152.85. The session range was SEK 151.90 to SEK 153.85, with volume of 943,882 shares.