SB1 reiterates sell rating for Handelsbanken stock. Price falls 3.02 percent

Published on 10/21/2026 at 10:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 profit reached SEK 7,353 million, up 10 percent from Q2. Handelsbanken stock costs EUR 13.34 on October 21, 2026, 3.02 percent below Xetra close.

Analyst view and quarterly strength

SB1 set a SEK 135.00 price target and retained its sell rating on October 21, 2026.
Third-quarter operating profit rose 10 percent to SEK 7,353 million.
Handelsbanken A stock trades at EUR 13.34 at 10:47 a.m. CEST at Lang & Schwarz on October 21, 2026, 3.02 percent below the Xetra close of October 20, 2026.

Aquarellmalerei der Stockholmer Altstadt Gamla Stan mit Wasserspiegelung — Svenska Handelsbanken (SE0007100599) wurde 1871 in Stockholm gegründet, gezeigt als Aquarell der historischen Altstadt, Illustration mit AI erstellt.

Handelsbanken A (ISIN SE0007100599) was trading at EUR 13.34 at Lang & Schwarz at 10:47 a.m. CEST on October 21, 2026, 3.02 percent below the Xetra close of October 20, 2026. The latest analyst signal came from SB1, which retained its sell rating and set a SEK 135.00 price target on October 21, 2026, according to MarketScreener.

Third-quarter profit improves

Handelsbanken reported third-quarter operating profit of SEK 7,353 million, up 10 percent from SEK 6,678 million in the second quarter. Return on equity rose to 13.5 percent from 12.8 percent, while the cost-to-income ratio improved to 42.3 percent from 44.3 percent, according to Placera.

The quarter also showed a mixed income picture. Net interest income was SEK 10,051 million, while net fee and commission income reached SEK 3,330 million. The latter was 3.6 percent above consensus, whereas net interest income was 1.2 percent below expectations, according to Borskollen.

What does the target imply?

SB1's SEK 135.00 target is below the SEK 148.30 Nasdaq Stockholm quote at 10:52 a.m. CEST on October 21, 2026. The contrast is important because the quarter delivered stronger profitability alongside pressure on the bank's largest interest-based income stream.

Capital remains a central support. Handelsbanken reported a common equity tier 1 ratio of 17.0 percent for the third quarter, 2.5 percentage points above the regulatory requirement. It also anticipated a dividend of SEK 8.02 per share for the first nine months, equal to 92 percent of period profit, according to Placera.

Next reporting date is scheduled

Handelsbanken's investor calendar lists February 3, 2027, for publication of the highlights of the annual report for January to December 2026, according to Handelsbanken.

Stock reacts to the results

The euro quotation places the stock below its Xetra reference after the results and the fresh analyst view. For investors, the key tension is visible in the numbers: quarterly operating profit improved, but net interest income remained below consensus.

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