Swedbank A stock: KBW raised target for Swedbank A stock to SEK 395.00

Published on 10/21/2026 at 17:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results arrive October 22, 2026. Swedbank A stock costs EUR 35.54 on October 21, 2026, minus 0.11 percent versus Xetra close.

Analyst target and reporting date

Keefe, Bruyette & Woods raised its Swedbank target to SEK 395.00 from SEK 355.00 on October 13, 2026.
Swedbank will publish third-quarter 2026 results on October 22, 2026 at 7:00 a.m. CEST.
Swedbank A stock costs EUR 35.54 at Lang & Schwarz on October 21, 2026 at 5:32 p.m. CEST, 0.11 percent below the Xetra close.
Second-quarter net income was SEK 7.19 billion, while adjusted return on equity was 15.50 percent.

Architektur-Render eines modernen Glas-Bürohochhauses am Wasser bei Abenddämmerung — Swedbank AB (SE0000242455) symbolisiert dieses architektonische Render eines gläsernen Bankgebäudes in nordischer Stadtlandschaft, Illustration mit AI erstellt.

Keefe, Bruyette & Woods raised its target for Swedbank A to SEK 395.00 from SEK 355.00 and retained an underperform rating on October 13, 2026, according to MarketScreener. At Lang & Schwarz after-hours on October 21, 2026 at 5:32 p.m. CEST, Swedbank A stood at EUR 35.54, 0.11 percent below the Xetra close of October 20, 2026 at EUR 35.58.

Target revisions set the tone

The KBW revision came alongside other October 13 target changes. The same MarketScreener report listed Handelsbanken at SEK 452.00 from SEK 413.00 and BNP Paribas at SEK 510.00 from SEK 500.00. The range of targets leaves the market focused on how the bank converts its strong capital position into earnings.

What does the next report add?

Swedbank will publish its third-quarter 2026 interim report on October 22, 2026 at 7:00 a.m. CEST, followed by an investor call at 9:30 a.m. CEST. The latest completed quarter provides the baseline: second-quarter net income was SEK 7.19 billion, adjusted return on equity was 15.50 percent, and the Common Equity Tier 1 ratio was 17.40 percent.

Stock position and valuation

Swedbank A's Nasdaq Stockholm quote was SEK 394.50 on October 21, 2026 at 5:29 p.m. CEST, while the bank's market capitalization was SEK 443.3 billion and its price-to-earnings ratio was 14.28. The 52-week range extended from SEK 282.50 to SEK 416.10, leaving the stock SEK 21.60 below its high. Its year-to-date performance was 24.26 percent on October 20, 2026.

Comparison with peers

Swedbank A: 0.11 percent below the Xetra close, P/E 14.28, market capitalization SEK 443.3 billion.

Skandinaviska Enskilda Banken (Nasdaq Stockholm, SEK): up 0.37 percent, P/E 13.89, market capitalization SEK 422.9 billion.

Svenska Handelsbanken (Nasdaq Stockholm, SEK): down 3.03 percent, P/E 12.56, market capitalization SEK 289.9 billion.

Near-term date and investor focus

The next scheduled event is the third-quarter report on October 22, 2026. The April 7, 2027 annual meeting is the next dated corporate event listed by the company. For investors, the key comparison is between the raised targets and the forthcoming operating figures, especially net interest income and credit quality.

The next market marker

Swedbank A had SEK 7.19 billion in second-quarter net income and a 17.40 percent Common Equity Tier 1 ratio. The October 22 report will provide the next operating reference for the bank's valuation. Swedbank A was trading at EUR 35.54 at Lang & Schwarz on October 21, 2026 at 5:32 p.m. CEST, 0.11 percent below the Xetra close of October 20, 2026 at EUR 35.58. The further course of trading is shown by the continuously updated real-time quote of Swedbank A stock.