Swedbank stock traded near its 52-week high as targets diverged

Published on 09/29/2026 at 06:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Swedbank stock stood at SEK 411.00 on September 28, 2026, 1.23 percent below its yearly high. Q2 adjusted ROE reached 15.5 percent and CET1 capital 17.4 percent.

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Swedbank (ISIN SE0000242455) stock traded at SEK 411.00 on Nasdaq Stockholm at the September 28, 2026 close, 1.23 percent below its 52-week high of SEK 416.10. Analyst targets now span SEK 386 to SEK 419, giving the bank's next results a clear valuation test.

A 419-krona target meets caution

MarketScreener reported on September 16, 2026, that Deutsche Bank raised its Swedbank target from SEK 388 to SEK 419 and reiterated its buy rating. The new target lies 1.95 percent above the September 28 closing price.

By contrast, Investing.com reported on September 1, 2026, that Morgan Stanley upgraded Swedbank from Underweight to Equalweight and lifted its target from SEK 330 to SEK 386. That target sits 6.08 percent below the reference price, showing how sharply expectations differ across banks.

Q2 capital stays high

Swedbank's investor-relations page identifies the January to June 2026 interim report as the latest half-year release, published July 17, 2026. The report lists adjusted return on equity of 15.5 percent, a cost-income ratio of 0.39, a CET1 capital ratio of 17.4 percent and a credit impairment ratio of 0.06 percent.

TradingView lists Q2 2026 revenue at SEK 18.10 billion against a SEK 17.60 billion forecast, while earnings per share were SEK 6.37 versus a SEK 6.47 estimate. The revenue comparison was favorable, but the earnings comparison was below forecast, leaving capital strength and mortgage growth as the more constructive parts of the interim picture.

Third-quarter results set the next test

Investing.com names October 22, 2026, as Swedbank's next earnings date. The report will show whether the bank can convert its mortgage momentum and strong capital position into earnings that support the higher end of the current target range.

The stock stays near its yearly peak

Swedbank stock stood at SEK 411.00 at the September 28, 2026 close on Nasdaq Stockholm, with a daily gain of 0.07 percent, a 52-week range of SEK 279.20 to SEK 416.10 and market capitalization of SEK 461.8 billion.