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Skandinaviska Enskilda Banken AB Class A - Stock Quote SEB A

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Morningstar's Skandinaviska Enskilda Banken AB Class A Stock Analysis

Currency in SEK
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SEB Reports Good Q1 Results

Niklas Kammer, CFA Equity Analyst

Analyst Note

| Niklas Kammer, CFA |

Skandinaviska Enskilda Banken reported first-quarter operating profit of SEK 7,857 million, up 4% on a sequential basis. Growth in operating income and lower operating expenses more than offset higher net expected credit losses in the quarter. We maintain our SEK 123 fair value estimate and no-moat rating.

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Skandinaviska Enskilda Banken AB Class A's Company Profile

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.

Kungstradgardsgatan 8
Stockholm, SE-106 40, Sweden
T +46 771621000
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 16,066