Handelsbanken stock trades 0.06 percent below its yearly high

Published on 09/28/2026 at 12:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Handelsbanken stock posted SEK 6.7 billion in Q2 operating profit, while net interest income fell 10 percent year on year. The share traded near its yearly high on September 28, 2026.

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Handelsbanken stock (ISIN SE0007100599) was trading at SEK 157.40 on Nasdaq Stockholm on September 28, 2026, at 12:50 p.m. CEST, or 0.06 percent below its 52-week high of SEK 157.50. The latest quarterly picture combines SEK 6.7 billion in operating profit with a 10 percent year-on-year decline in net interest income.

Q2 profit meets a margin test

According to ScanX on September 17, 2026, Handelsbanken reported SEK 6.7 billion in operating profit for Q2 2026 and a 13 percent return on equity. Business income reached SEK 13.5 billion against SEK 6 billion in expenses, producing a 44 percent cost-income ratio.

The earnings mix is less favorable for interest margins. Yahoo Finance published the Q2 2026 call transcript on July 15, 2026, in which management said net interest income fell 10 percent year on year, while net fee and commission income increased 8 percent on a currency-adjusted basis.

Analyst targets stay below the share price

The valuation signal is more cautious. MarketScreener reported on September 15, 2026, that Mediobanca raised its price target from SEK 133 to SEK 149 while retaining an Underperform rating. The new target is 5.35 percent below the September 28 price.

That target is not an isolated signal. A September 21, 2026 MarketScreener update said BNP Paribas resumed coverage with an Underperform rating and a SEK 150 target, also below the current share price.

Next report arrives in October

Handelsbanken's investor-relations calendar lists a Q3 2026 pre-close call for September 30, 2026, followed by the interim report for January through September on October 21, 2026, according to Handelsbanken. For investors, the next report will test whether fee growth can offset the pressure from lower interest margins.

Stock holds near the yearly high

Handelsbanken stock was last at SEK 157.40 on Nasdaq Stockholm on September 28, 2026, with a day range of SEK 155.55 to SEK 157.50 and market capitalization of SEK 306.1 billion.