SEB stock falls 1.09 percent after CEO resignation

Published on 10/07/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SEB stock traded at SEK 227.80 on October 7, 2026, after Johan Torgeby resigned. Q2 net profit reached SEK 8.664 billion, while analysts set a SEK 227.18 average target.

Moderne nordische Bank-Lobby mit Stockholm-Blick, Symbolbild Skandinaviska Enskilda — Moderne Bank-Lobby mit Stockholm-Skyline symbolisiert Skandinaviska Enskilda Banken, ISIN SE0000148884, an Nasdaq Stockholm, Illustration mit AI erstellt.

SEB stock (ISIN SE0000148884) was trading at SEK 227.80 on Nasdaq Stockholm on October 7, 2026, down 1.09 percent from SEK 230.30. The immediate catalyst was a leadership change: SEB said on October 6, 2026, that Johan Torgeby had resigned as president and CEO, with Jonas Ahlström appointed acting CEO.

CEO exits before Q3 results

Torgeby left both his executive role and his board seat on October 6, 2026, while the board started the recruitment process for a permanent successor. Ahlström has worked at SEB since 2005 and joined the Group Executive Committee in 2020, according to the company release.

The timing puts the succession process ahead of the next scheduled results date. SEB said on October 5, 2026, that it will publish third-quarter 2026 results on October 22, 2026, at 6:30 a.m. CET.

Q2 profit provides a firm benchmark

The latest reported quarter gives investors a clear operating benchmark. Affarsvarlden lists Q2 2026 net profit at SEK 8.664 billion, compared with SEK 8.253 billion in Q2 2025. Earnings per share came to SEK 4.39, versus SEK 4.08 a year earlier, while reported revenue was SEK 20.055 billion.

That comparison matters because the leadership change arrives while the bank is coming from year-over-year profit and earnings-per-share growth. SEB is a northern European financial services group serving corporate, retail, investment and private banking customers.

Analysts see limited target upside

Investing.com reports a Neutral consensus from 17 analysts, including 5 Buy, 9 Hold and 3 Sell ratings. The average 12-month target is SEK 227.18, with targets ranging from SEK 190.00 to SEK 285.00.

The same overview shows Kepler Cheuvreux raised its target to SEK 248.00 from SEK 223.00 on October 1, 2026, while maintaining Hold. That target sits above the October 7 trading price, but the broader consensus remains close to the market level.

SEB stock trades below its yearly high

SEB stock was trading at SEK 227.80 on Nasdaq Stockholm at 1:26 p.m. CEST on October 7, 2026, down 1.09 percent from the prior close. The session range was SEK 227.50 to SEK 231.10, and the 52-week range was SEK 168.20 to SEK 238.50.