Deutsche Bank raised target for Swedbank A stock to SEK 419

Published on 10/08/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swedbank A stock costs EUR 35.47 on October 8, 2026 after EUR 35.77, minus 0.84 percent. Q2 adjusted return on equity was 15.50 percent.

Makroaufnahme schwedischer Banknoten und Münzen mit feiner Papier- und Metalltextur — Swedbank AB (SE0000242455) steht sinnbildlich für diese Makroaufnahme schwedischer Banknoten und Münzen im Detail, Illustration mit AI erstellt.

Swedbank A stock was EUR 35.47 at Lang & Schwarz on October 8, 2026 at 11:46 a.m. CEST, down 0.84 percent versus the prior close of EUR 35.77. On September 16, 2026, Deutsche Bank raised its Swedbank target from SEK 388 to SEK 419 while retaining a Buy rating, as Zonebourse reported.

Deutsche Bank sees higher value

The target increase gives Swedbank a concrete analyst reference in a market where the bank's stock has traded below the new SEK 419 objective. Deutsche Bank's assessment also kept the Buy rating, but the same report said the Nordic banking premium had narrowed to 13 percent from a five-year average of 18 percent, making the valuation argument more selective.

The SEK 419 target is 7.81 percent above the SEK 388 target it replaced. That comparison matters because the recommendation was not upgraded: the higher valuation rests on a revised target while the rating stayed unchanged.

Second-quarter capital remains strong

Swedbank's investor-relations page reports adjusted return on equity of 15.50 percent for the second quarter of 2026, alongside a cost-to-income ratio of 0.39 and a Common Equity Tier 1 capital ratio of 17.40 percent, as shown by Swedbank. The credit impairment ratio was 0.06 percent in the same period, a figure that supports the bank's credit-quality narrative but does not remove the sensitivity of earnings to interest rates.

The next interim report, covering January through September 2026, is scheduled for October 22, 2026 at 7:00 a.m. CEST, according to Swedbank. For investors, that release will test whether the second-quarter return on equity and capital ratios remain intact into the third quarter.

Stock stays inside its yearly range

Swedbank's primary listing is on Nasdaq Stockholm in SEK. The stock's 52-week range was SEK 281.20 to SEK 416.10 as of October 8, 2026, while market capitalization stood at SEK 446.3 billion. The euro quote therefore remains below the recent Swedish share-price high when viewed through the primary-market context.

Swedbank was trading at EUR 35.47 at Lang & Schwarz on October 8, 2026 at 11:46 a.m. CEST, minus 0.84 percent versus the Lang & Schwarz prior close of EUR 35.77. The further course of trading is shown by the continuously updated real-time quote of Swedbank A stock.