Skandinaviska Enskilda Banken AB A

Skandinaviska Enskilda Banken provides corporate, retail, investment and private banking services, as well as asset management and life insurance services. Merchant Banking provides wholesale and investment banking services to corporations and institutions. Retail Banking provides products mainly to private customers and small and medium-sized corporate. Wealth Management performs asset management and private banking activities and Life provides life, care and pension insurance. Division Baltic provides retail, asset management and private banking services in the Baltic countries. As of Dec 31 2013, Co. had total assets of SEK1,904.16 billion and total deposits of SEK821.47 billion.
  • TickerSEB A
  • ISINSE0000148884
  • ExchangeNasdaq Nordic Stockholm
  • SectorBanks
  • CountrySweden
Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks - Statistical update - Swedish lending June 2020

Total lending increased by 5.2% y-o-y (corporate lending +5.2% and retail lending +5.1%) and 0.2% m-o-m. Last month, total lending was up by 5.3% y-o-y (corporate lending +5.6% and retail lending +5.1%) . Bank (non-mortgage) lending grew by 3.1% y-o-y (corporate lending +2.8% and retail lending +4.0%) and down 1.4% m-o-m. Last month, bank lending increased by 4.7% y-o-y (corporate lending +4.6% and retail lending +4.7%). Mortgage lending was up 5.7% y-o-y (corporate lending +7.0% and retail lending +5.4%) and 0.7% m-o-m. Last month, mortgage lending grew by 5.5% y-o-y (corporate lending +6.0%...

Skandinaviska Enskilda Banken AB (SEB): 1 director maiden bought

A director at Skandinaviska Enskilda Banken AB (SEB) maiden bought 4,600 shares at 88.512SEK and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under lis...

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Norwegian bankruptcies, June 2020

The total number of bankruptcies decreased by 19% y-o-y and increased 9% m-o-m in June. In January-June, the total number of bankruptcies was down 17% y-o-y. We expect to see an increase in the number of bankruptcies in Norway in the coming months in the aftermath of COVID-19, as we will have a better idea of which companies have survived in H2’20 after the end of the government aid packages.

Håkon Astrup ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Daniel Thorsson ...
  • Fredrik Ivarsson
  • Haakon Amundsen
  • Jan Erik Gjerland
  • John Olaisen
  • Magnus Andersson
  • Peter Kurt Nielsen
  • Tobias Kaj
  • Victor Forssell

Talking Points - Attendo (Buy): A turning point in Finland

Elisa Corporation (Hold) Post-results: Less room for outperformance Q2e: org. growth ~2%, EBITA of SEK 80m A good long-term entry point; Up to BUY (Hold)

Skandinaviska Enskilda Banken AB (SEB): 1 director maiden bought

A director at Skandinaviska Enskilda Banken AB (SEB) maiden bought 4,600 shares at 88.512SEK and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under lis...

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks - Statistical update - Swedish lending June 2020

Total lending increased by 5.2% y-o-y (corporate lending +5.2% and retail lending +5.1%) and 0.2% m-o-m. Last month, total lending was up by 5.3% y-o-y (corporate lending +5.6% and retail lending +5.1%) . Bank (non-mortgage) lending grew by 3.1% y-o-y (corporate lending +2.8% and retail lending +4.0%) and down 1.4% m-o-m. Last month, bank lending increased by 4.7% y-o-y (corporate lending +4.6% and retail lending +4.7%). Mortgage lending was up 5.7% y-o-y (corporate lending +7.0% and retail lending +5.4%) and 0.7% m-o-m. Last month, mortgage lending grew by 5.5% y-o-y (corporate lending +6.0%...

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Powerpoint Sector Report - Nordic banks – Statistical update - Norwegian bankruptcies, June 2020

The total number of bankruptcies decreased by 19% y-o-y and increased 9% m-o-m in June. In January-June, the total number of bankruptcies was down 17% y-o-y. We expect to see an increase in the number of bankruptcies in Norway in the coming months in the aftermath of COVID-19, as we will have a better idea of which companies have survived in H2’20 after the end of the government aid packages.

Daniel Thorsson ...
  • Fredrik Ivarsson
  • Haakon Amundsen
  • Jan Erik Gjerland
  • John Olaisen
  • Magnus Andersson
  • Peter Kurt Nielsen
  • Tobias Kaj
  • Victor Forssell

Talking Points - Attendo (Buy): A turning point in Finland

Elisa Corporation (Hold) Post-results: Less room for outperformance Q2e: org. growth ~2%, EBITA of SEK 80m A good long-term entry point; Up to BUY (Hold)

Jan Erik Gjerland ...
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

SEB - Q2’20: Net earnings est. unchanged for ’21-22e

Much of the Q2’20 NII miss of a temporary nature Adj. EPS up for 2020e and unchanged for 2021-22e We stick to our BUY rating and target price of SEK 100

Nicolas McBeath

SEB (Buy, TP: SEK110.00) - Quality at a discount

We have raised our 2020–2022e EPS by ~1% and our target price to SEK110 (108). We reiterate our BUY, as we still find SEB undervalued at a 2020e P/BV of 1.2x, given our 2021–2022e ROEs of 13%+. The strong and improved capital position in Q2 (590bp CET buffer) and the guidance for falling loan losses in H2 indicate an improved outlook for dividends this year, which could contribute to a re-rating.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 18/11/2019 - Merck KGaA - EN

Merck KGaA (O/P): Raises Its 2019 Targets SEB - Skandinaviska Enskilda Banken (O/P): Investigation of Money Laundering Cases Grand City Properties (M/P) - 9M-19: EBITDA of €220.0m (+8%) OHL (U/P) - 9M-19: EBITDA of €40m (Compared To -€468m On 9M-18) Icade (M/P): Acquisition of Confluent Group For €194m Volkswagen (O/P): Investment Plan of Nearly €60bn Over 5 Years (2020-2024) Saipem (O/P): Considers A Merger With Its Norwegian Competitor Subsea 7 Fitch Affirms The Ratings of Intesa Sanpaolo (O/P), Unicredit (O/P) And UBI Banca ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 18/11/2019 - Merck KGaA - FR

Merck KGaA (Achat) : Relèvement des objectifs 2019 SEB (Achat) : Enquête sur des affaires de blanchiment d'argent Grand City Properties (Conserver) - 9M-19 : EBITDA de €220,0m (+8%) OHL (Vente) - 9M-19 : EBITDA de €40m (contre -€468m sur les 9M-18) Icade (Conserver) : Acquisition du Groupe Confluent pour €194m Volkswagen (Achat) : Plan d’investissements de près de €60 mds sur 5 ans (2020-2024) Saipem (Achat) : Considère une fusion avec son concurrent norvégien Subsea 7 Fitch confirme les notes d'Intesa SanPaola (Achat), UniCredi...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 24/10/2019 - Intrum, Ford - FR

Intrum (Achat) - 9M-19 : EBIT de SEK4,2 mds (€391m, +41,1%) Ford (Achat) : Abaisse ses perspectives pour 2019 Scor (Achat) - 9M-19 : Primes brutes de €12,1 mds (+3,2% à tcc) SEB (Achat) - 9M-19 : Résultat d’exploitation de SEK17,8 mds (€1,7 md, +4,8%) Constellium (Achat) : Revoit à la baisse ses objectifs 2019 Edenred (Achat) : Vise une croissance organique d’EBITDA >10% jusqu’à 2022 Europcar (Vente vs Achat) : Abaisse ses perspectives pour 2019 Schmolz + Bickenbach : Prévoit une augmentation de capital de CHF189m à CHF350m ...

Håkon Astrup ...
  • Joachim Gunell
  • Karl-Johan Bonnevier
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

Christoffer Wang Bjørnsen ...
  • Jesper Ingildsen
  • Martin Arnell
  • Mats Bye
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Jimi Lehtonen ...
  • Martin Arnell
  • Nicolas McBeath
  • Nicolay Dyvik
  • Ole-Andreas Krohn

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Joachim Gunell
  • Jon Masdal
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Tomi Railo

Northern Lights

With a more favourable environment, SEB 'A' SA improves to Slightly Positive

SEB 'A' SA (SE), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date June 2, 2020, the closing price was SEK 86.04 and its potential was estimated at SEK 90.34.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Skandinaviska Enskilda Banken - AGM 29 June 2020

ECGS notes that as a result of the Covid-19 pandemic the AGM will be held as an electronic meeting only. Consequently, it will not be possible to attend the AGM in person.In general, Skandinaviska Enskilda Banken ("SEB") is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting.Under ITEM 10 discharge of the board of directors & CEO is sought. ECGS notes that the Swedish FSA has initiated ongoing investigations (among others) regarding SEB¶s compliance with Anti-Money Laundering ("AML") regulation. As long as the results of these in...

SKANDINAVISKA – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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