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Skandinaviska Enskilda Banken AB Class A SEB A Stock Quote

| Rating as of

XSTO:SEB A

Morningstar‘s Stock Analysis SEB A

Valuation
Currency in SEK
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

SEB Posts Good Q3; Fair Value Estimate Maintained

Niklas Kammer, CFA Equity Analyst

Analyst Note

| Niklas Kammer, CFA |

No-moat SEB reported third-quarter operating profits of SEK 9,118, up 25% on a sequential basis. Operating income up 15% to SEK 16,551 million paired with just a 1% increase in operating expenses to SEK 6,201 million resulted in a respectable 14.9% return on equity in the quarter. Net expected credit losses increased to SEK 567 million from SEK 399 million a quarter ago. We maintain our fair value estimate of SEK 123 per share.

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Key Statistics SEB A

Company Profile SEB A

Business Description

Skandinaviska Enskilda Banken is a Swedish universal bank with a strong focus on the corporate lending sector. The bank operates in the Nordics, the Baltics, Germany, and the United Kingdom but derives the majority of its operating profits from Sweden. SEB specializes in corporate lending, particularly to large corporations. Additionally, it serves about 2,300 large midcorporate and multinational companies, 700 financial institutions, and about 400,000 small and medium-size enterprises. It also serves about 4 million private customers in Sweden and the Baltics. The bank offers asset management, life insurance, and to a lesser extent private banking services to its clients.

Contact
Kungstradgardsgatan 8
Stockholm, SE-106 40, Sweden
T +46 771621000
Industry Banks - Regional
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 16,500