Keefe Bruyette Woods raises target for Handelsbanken A stock to SEK 145

Published on 10/14/2026 at 09:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Operating profit hit SEK 6.70 billion in the second quarter. Handelsbanken A stock costs EUR 13.65 on October 14, 2026, market value SEK 296.5 billion.

Target revision and bank results

Keefe, Bruyette & Woods lifted its target from SEK 135.00 to SEK 145.00 on October 13, 2026.
Operating profit reached SEK 6.70 billion in the second quarter of 2026.
Handelsbanken A stock was at EUR 13.65 at 9:38 a.m. CEST at Lang & Schwarz on October 14, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Münzen und schwedischer Flagge — Svenska Handelsbanken (SE0007100599) als Aktienanlage zeigt dieses Flatlay mit Zertifikat, ISIN-Karte und schwedischer Flagge, Illustration mit AI erstellt.

Keefe, Bruyette & Woods raised its target for Handelsbanken A stock from SEK 135.00 to SEK 145.00 on October 13, 2026, according to Marketscreener. The bank retained an underperform view, making the higher target a cautious revision rather than a change in stance.

Results set the earnings base

Handelsbanken reported operating profit of SEK 6.70 billion in the second quarter of 2026, with income of SEK 13.50 billion and expenses of SEK 6.00 billion. The cost-income ratio was 44.00 percent, while return on equity was 13.00 percent, according to the Yahoo Finance transcript dated July 15, 2026.

The same call showed a mixed earnings profile: net interest income declined 10.00 percent in the first half of 2026, while net fee and commission income rose 8.00 percent after currency effects. That contrast helps explain why the bank can post solid profitability while analysts remain cautious on the stock.

What does the target change mean?

The target revision follows a series of guarded assessments. Marketscreener reported on September 21, 2026 that BNP Paribas resumed coverage with an underperform rating and a SEK 150.00 target. KBW's SEK 145.00 target therefore remains below that reference, despite the increase from SEK 135.00.

For the business, the second-quarter transcript highlighted a 0.00 percent credit loss ratio and a CET1 capital buffer of 250 basis points above the regulatory requirement. Those figures point to balance-sheet resilience, while lower net interest income remains the central profitability pressure.

Three dated milestones

On July 15, 2026, Handelsbanken discussed second-quarter operating profit of SEK 6.70 billion in its results call, according to Yahoo Finance. On September 21, 2026, BNP Paribas began coverage with a SEK 150.00 target, according to Marketscreener. On October 13, 2026, KBW lifted its target to SEK 145.00 from SEK 135.00, according to Marketscreener.

Next report arrives October 21

Handelsbanken's investor-relations calendar schedules the interim report for January through September 2026 on October 21, 2026, at 7:00 a.m. CET, followed by a presentation at 8:15 a.m. CET, according to the Handelsbanken investor-relations page. That release will provide the next test of lending growth, net interest income and fee income.

Stock price and listing

Handelsbanken A was at EUR 13.65 at Lang & Schwarz on October 14, 2026, at 9:38 a.m. CEST. Its market capitalization was SEK 296.5 billion, and the quoted 52-week range was SEK 116.80 to SEK 157.90. Global Banking and Finance identifies the listing as SHB A.ST on Nasdaq Stockholm and confirms ISIN SE0007100599.

The further course of trading is shown by the continuously updated real-time quote of Handelsbanken A stock.