Swedbank AB (ADR) (NASDAQ:SWDBY) has been downgraded to Neutral in a statement by JPMorgan Chase & Co. earlier today.
- Updated: October 7, 2016
JPMorgan Chase & Co. has downgraded Swedbank AB (ADR) (NASDAQ:SWDBY) to Neutral in a statement released on Friday October 07, 2016.
Boasting a price of $23.40, Swedbank AB (ADR) (NASDAQ:SWDBY) traded -0.47% lower on the day. With the last stock price close up 8.32% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Swedbank AB (ADR) has recorded a 50-day average of $22.97 and a two hundred day average of $21.58. Volume of trade was down over the average, with 2,707 shares of SWDBY changing hands under the typical 24,102
With a total market value of $0, Swedbank AB (ADR) has price-earnings ratio of 12.22 with a one year low of $18.15 and a one year high of $24.16 .
Brief Synopsis About Swedbank AB (ADR) (NASDAQ:SWDBY)
Swedbank AB is a savings bank. The Company's segments include Swedish Banking, Baltic Banking, Large Corporates & Institutions, and Group Functions & Other. Its Swedish Banking segment offers services through its own branch network, the Telephone Bank, the Internet Bank and the distribution network of the independent savings banks. Its Baltic Banking segment offers services through its own branch network, the Telephone Bank and the Internet Bank. Its Large Corporates & Institutions segment provides companies, financial institutions and banks with financing solutions and financial services. Its Group Functions & Other comprises group functions, such as group products, group information technology, accounting and finance, risk, compliance, corporate affairs, human resources and legal. It offers financial services and products in Sweden, Estonia, Latvia and Lithuania. It also has operations in Norway, Finland, Denmark, the United States, China, Luxembourg and South Africa.
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