Svenska Handelsbanken AB Class A
SHB A: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 682.00 | Bzfxdx | Cbydtqszs |
Handelsbanken Posts Strong Q3 As Rates Have Increased; Asset Quality Remains Its Strongest Card
Narrow-moat Handelsbanken reported strong third-quarter results. Operating profits of SEK 7,277 million grew 39% versus the prior quarter driven primarily by strong net interest income growth. We maintain our fair value estimate of SEK 115 per share.