Swedbank traded at 353.00 this Wednesday June 24th, decreasing 3.50 or 0.98 percent since the previous trading session. Looking back, over the last four weeks, Swedbank lost 1.38 percent. Over the last 12 months, its price rose by 42.45 percent. Looking ahead, we forecast Swedbank to be priced at 346.60 by the end of this quarter and at 320.96 in one year, according to Trading Economics global macro models projections and analysts expectations.
Swedbank AB is a savings bank. The Company offers financial services and products in its home markets of Sweden, Estonia, Latvia and Lithuania. The Company's segments are Swedish Banking, Baltic Banking, Large corporates & Institutions, and Group Functions & Other. The Company offers products mainly in the areas of lending, payments and savings. The Swedish Banking segment offers its products to private customers and companies in the Swedish market. The Swedish Banking segment's services are sold through the Company's own branch network, the telephone Bank, the Internet Bank and the distribution network of the independent savings banks. The Baltic Banking segment offers its products to private customers and companies in Estonia, Latvia and Lithuania. The Baltic Banking segment's services are sold through its own branch network, the telephone Bank and the Internet Bank. The Large Corporates & Institutions segment offers its services to large companies and financial institutions.