Swedbank stock gained 1.05 percent before the next results

Published on 10/04/2026 at 21:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swedbank stock enters October after three executive changes announced on September 30, 2026. Second-quarter adjusted return on equity was 15.5 percent, with Q3 results due October 22.

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Swedbank (ISIN SE0000242455) was last at SEK 404.20 on Nasdaq Stockholm on October 2, 2026, up 1.05 percent from the previous close. The bank announced three changes to its Group Executive Committee on September 30, 2026, including a new acting chief compliance officer, according to Cision.

Leadership changes set the tone

Eva Wilhelmsson will serve as acting chief compliance officer after Britta Hjorth-Larsen decided to leave the role. Bo Bengtsson, head of Corporates and Institutions, will leave his position by March 30, 2027, while Henrik Liljeblad becomes permanent head of Group Business Support, Cision reported on September 30, 2026.

The changes arrive before Swedbank reports third-quarter results. The bank's investor-relations calendar puts that release on October 22, 2026, at 7:00 a.m. CEST, according to Swedbank.

Q2 metrics show capital strength

Swedbank's Q2 2026 key figures included a 15.5 percent adjusted return on equity, a 0.39 cost-to-income ratio and a 17.4 percent common equity tier 1 capital ratio. The credit impairment ratio was 0.06 percent, with all figures listed by Swedbank for the second quarter of 2026.

That capital ratio gives the bank a measurable buffer as investors wait for the next earnings update. The combination of 15.5 percent adjusted return on equity and a 0.39 cost-to-income ratio also provides the clearest operating benchmark ahead of the October report.

Consensus target sits below the stock

The published analyst consensus is Neutral across 16 analysts, with 5 Buy, 8 Hold and 3 Sell ratings. The average 12-month target is SEK 387.69, while the high and low targets are SEK 500 and SEK 307, respectively, according to Investing.com; the average target is 4.09 percent below the October 2 price.

The contrast is important for the stock's setup: Swedbank's operating indicators remain quantified and positive, while the published average target is below the latest traded level. That leaves the October 22 results as the next concrete test for earnings momentum and valuation.

Swedbank stock stays near yearly high

At SEK 404.20, Swedbank was 2.86 percent below its 52-week high of SEK 416.10 and above the 52-week low of SEK 279.20 on October 2, 2026. The market capitalization was SEK 454.2 billion and trading volume was 1,706,419 shares.