Swedbank A stock gains as Nordea lifts target to SEK 450

Published on 09/19/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swedbank A stock closed at SEK 406.80 on September 17, 2026, after Nordea raised its target to SEK 450. The stock now sits 5.5 percent below that new level.

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Swedbank A stock (SE0000242455) closed at SEK 406.80 on Nasdaq Stockholm on September 17, 2026, after Nordea lifted its target to SEK 450 from SEK 427 on the same day, according to ad hoc news. The latest close leaves the shares 5.5 percent below the new target and at a fresh all-time high, while MarketBeat said on September 18, 2026 that the stock traded at SEK 40.82 on its OTC line, with a market cap of USD 45.89 billion and a 52-week range of SEK 29.21 to SEK 41.56.

Nordea turns more constructive

Nordea kept a Buy recommendation and lifted its 2026 to 2028 net interest income estimates by 2 percent to 4 percent, while it also raised earnings per share forecasts by 2 percent to 5 percent, according to ad hoc news. The same market snapshot said Mediobanca kept an Underperform stance with a SEK 373 target, which puts the valuation debate into a clear range.

For investors, that gap matters more than the headline alone. Nordea's new SEK 450 target stands 10.6 percent above the September 17 close, while the SEK 373 Mediobanca view sits 8.3 percent below it, according to ad hoc news.

Profitability stays in view

MarketBeat reported on September 18, 2026 that Swedbank posted SEK 0.68 in earnings per share for its last announced quarter, with revenue of SEK 1.93 billion, net margin of 29.45 percent and return on equity of 14.84 percent. The same report said analysts expect 2.81 earnings per share for the current fiscal year.

The mix matters because it shows why the stock keeps attracting upgrades even near record levels. Nordea's changes to net interest income and EPS estimates point to expectations that the bank can defend earnings momentum into 2026 and 2028, while the last quarter's 29.45 percent net margin and 14.84 percent return on equity give that view a concrete base.

Stock near the peak

Swedbank A stock last traded at SEK 406.80 on September 17, 2026, close to the SEK 407 intraday high reported in the same snapshot. MarketBeat's September 18, 2026 data also showed an OTC quote of SEK 40.82, volume of 7,391 shares and a market capitalization of USD 45.89 billion.