Swedbank stock falls 1.51 percent ahead of Q3 report

Published on 10/07/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifted its Swedbank target to SEK 395 from SEK 360 on October 7, 2026, while retaining Hold. Q2 revenue rose 6.0 percent to SEK 18.104 billion.

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Swedbank stock (ISIN SE0000242455) was trading at SEK 403.30 on Nasdaq Stockholm on October 7, 2026, down 1.51 percent at 2:22 p.m. CEST. The next scheduled company checkpoint is the January to September 2026 interim report on October 22, 2026, according to Swedbank.

Q3 report sets the next date

The October 22 report will cover the nine months ending September 30, 2026. The release is scheduled for 7:00 a.m. CEST, followed by an investor and analyst conference call at 9:30 a.m. CEST, the bank's investor-relations page states.

That timing gives the market a defined test for earnings quality after Q2. Swedbank reported adjusted return on equity of 15.5 percent, a cost-to-income ratio of 0.39 and a Common Equity Tier 1 ratio of 17.4 percent for Q2 2026, according to Swedbank.

Revenue grows while earnings ease

Q2 2026 revenue reached SEK 18.104 billion, up 6.0 percent from SEK 17.073 billion in Q1 2026, while operating profit was SEK 9.151 billion versus SEK 9.356 billion in the prior quarter, according to Affarsvarlden. Diluted earnings per share stood at SEK 6.37 in Q2, compared with SEK 6.50 in Q1.

The combination matters for the October report: higher income did not translate into sequentially higher operating profit in the Q2 figures. Capital remains a visible cushion, with the CET1 ratio at 17.4 percent and the credit impairment ratio at 0.06 percent in Q2, according to Swedbank's investor-relations information.

Jefferies target stays below price

Jefferies raised its Swedbank price target to SEK 395 from SEK 360 and retained a Hold rating on October 7, 2026, as reported by Placera. The new target is 2.1 percent below the October 7 intraday price.

A broader October 6 analyst overview from NordPicks puts the consensus at Hold across 16 analysts, with a mean target of SEK 344.81, a high of SEK 382.00 and a low of SEK 307.00. The mean target lies 14.5 percent below the October 7 price, making the Q3 numbers important for testing whether operating momentum can narrow that valuation gap.

Swedbank stock trades below yearly high

Swedbank stock traded between SEK 402.80 and SEK 411.40 during the October 7 session, with volume at 453,430 shares. Its 52-week range is SEK 279.20 to SEK 416.10, while market capitalization stands at SEK 453.2 billion.