Svenska Handelsbanken AB Class A
SHB A: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 334.00 | Xlrpx | Whbrzlw |
Handelsbanken Guides for Higher Development Expenses Through at Least 2023; FVE Unchanged
Narrow-moat Handelsbanken reported fourth-quarter operating profits of SEK 7,510 million, 3% ahead of the previous quarter, as good growth in net interest income was nearly entirely offset by higher expenses. Credit losses of just 1 basis point did stand out again. We maintain our SEK 115 per-share fair value estimate.