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 ...
  • Jonas Bru Lien
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Sector Report - Nordic Banks: Q2’20e – all eyes on NII & LLP

Continue to lower NII despite our higher lending growth Trading lifts ‘20e by 3%, NII lowers our ‘22e by 3% Still expensive in both absolute and relative terms - SELL

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

SEB - Well positioned in Q2’20

SEB should have been well positioned to the Q2 trends… …which should primarily show in NII and trading income We keep our BUY rating and TP of SEK 100

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

Sector Fast Comment - Swedish mortgage pricing – June 2020

Avg. offered rate on new 3M mortgages up by 2bp m-o-m Avg. 3M margin on new mortgages down by 3bp q-o-q Margin pressure on new 3M mortgages seems to level off

Nicolas McBeath

Robust amid downturn

Our earnings forecasts are largely unchanged ahead of the Q2 report and we reiterate our BUY with a raised SEK97 (SEK95) target price. We believe the market is still pricing in an overly negative financial impact from a Covid-19-driven economic downturn

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

Powerpoint Sector Report - Statistical update - Danish bankruptcies, June 2020

The total number of bankruptcies was down 12% y-o-y and down 24% m-o-m in June 2020. In January-June, the total number of bankruptcies decreased by 12% y-o-y. In the coming months, we expect to see a significant increase in the number of bankruptcies.

Jan Erik Gjerland ...
  • Jonas Bru Lien
  • Mads Thinggaard
  • Magnus Andersson
  • Patrik Brattelius

Sector Report - Nordic Banks: Q2’20e – all eyes on NII & LLP

Continue to lower NII despite our higher lending growth Trading lifts ‘20e by 3%, NII lowers our ‘22e by 3% Still expensive in both absolute and relative terms - SELL

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

SEB - Well positioned in Q2’20

SEB should have been well positioned to the Q2 trends… …which should primarily show in NII and trading income We keep our BUY rating and TP of SEK 100

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

Sector Fast Comment - Swedish mortgage pricing – June 2020

Avg. offered rate on new 3M mortgages up by 2bp m-o-m Avg. 3M margin on new mortgages down by 3bp q-o-q Margin pressure on new 3M mortgages seems to level off

Nicolas McBeath

Robust amid downturn

Our earnings forecasts are largely unchanged ahead of the Q2 report and we reiterate our BUY with a raised SEK97 (SEK95) target price. We believe the market is still pricing in an overly negative financial impact from a Covid-19-driven economic downturn

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

Powerpoint Sector Report - Statistical update - Danish bankruptcies, June 2020

The total number of bankruptcies was down 12% y-o-y and down 24% m-o-m in June 2020. In January-June, the total number of bankruptcies decreased by 12% y-o-y. In the coming months, we expect to see a significant increase in the number of bankruptcies.

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 ...

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

Håkon Astrup ...
  • Martin Arnell
  • Niclas Gehin
  • Nicolas McBeath
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • 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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