Handelsbanken stock enters Q3 reporting window after SEK 6.7 billion profit

Published on 10/04/2026 at 23:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Handelsbanken stock was last at SEK 152.85 on October 2 after Q2 operating profit reached SEK 6.7 billion. Seventeen analysts set a SEK 137.18 average target.

Architektur-Render eines modernen Glashochhauses im Finanzviertel bei Tageslicht — Svenska Handelsbanken (SE0007100599) unterhält Konzernstrukturen in modernen Bürotürmen, symbolisiert durch dieses architektonische Glashochhaus-Render, Illustration mit AI erstellt.

Handelsbanken stock (ISIN SE0007100599) was last at SEK 152.85 on Nasdaq Stockholm on October 2, 2026, with a daily change of 0.56 percent and a market capitalization of SEK 297.3 billion. The bank's Q2 2026 operating profit reached SEK 6,678 million, while its next scheduled report is set for October 21, 2026.

Profit remains below last year

Q2 operating profit fell from SEK 7,164 million in Q2 2025 to SEK 6,678 million in Q2 2026, a decline of 6.8 percent, according to Affarsvärlden in its Q2 2026 data. Net income was SEK 5,228 million, compared with SEK 5,489 million a year earlier.

The sequential comparison was weaker: Q1 2026 operating profit stood at SEK 8,195 million, putting Q2 profit 18.5 percent lower. The Q2 operating margin was 49.6 percent, down from 52.6 percent in Q2 2025, according to ScanX on September 17, 2026.

Analyst targets stay below the market

According to MarketScreener on September 24, 2026, Nordea raised its target for Handelsbanken from SEK 130 to SEK 140 while reiterating Sell. A separate September 28 update from ABG Sundal Collier lifted its target from SEK 143 to SEK 158 and retained a Hold rating, as reported by Börskollen.

The analyst consensus remains cautious. MarketScreener lists an Underperform rating from 17 analysts and an average target of SEK 137.18, which is 10.2 percent below its reference price of SEK 153.40 in the September 24 overview. That gap contrasts with the latest market price of SEK 152.85 and puts the Q3 report at the center of the next valuation test.

Stock enters the Q3 reporting window

Handelsbanken's investor-relations calendar lists October 21, 2026, for the interim report covering January to September 2026, following a silent period from October 6 to October 20, according to Handelsbanken. For investors, the key issue is whether fee income and asset quality can offset the margin pressure visible in the first half.

Handelsbanken stock stays below yearly high

Handelsbanken stock was last at SEK 152.85 on Nasdaq Stockholm on October 2, 2026, at 5:29 p.m. CEST. Its 52-week range was SEK 116.80 to SEK 157.90, with 3,922,692 shares traded in that session.