Skandinaviska Enskilda Banken AB Class A
SEB A: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 371.00 | Kgjt | Qhxgnlpl |
SEB Reports Good Q1 Results
Skandinaviska Enskilda Banken reported first-quarter operating profit of SEK 7,857 million, up 4% on a sequential basis. Growth in operating income and lower operating expenses more than offset higher net expected credit losses in the quarter. We maintain our SEK 123 fair value estimate and no-moat rating.