Swedbank AB Class A
SWED A: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $BT | LOCK|#$wC | LOCK|mVhW>F |
Swedbank Earnings: Good Core Income Development and Lower Expenses Stand Out
Narrow-moat Swedbank reported a good third quarter. Excluding one-offs, which benefited results, good core income generation and lower expenses stood out positively. We maintain our SEK 243 per-share fair value estimate.
