Skandinaviska Enskilda Banken AB Class A
SEB A: XSTO (SWE)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| SEK 687.00 | Rdmzn | Gvppryn |
Skandinaviska Enskilda Banken a Well-Diversified Swedish Bank
Business Strategy and Outlook
Skandinaviska Enskilda Banken's, or SEB's, focus on corporate lending and advisory banking services results in a healthy diversification between spread- and fee-based income streams. We like the group’s achievements in its efficiency programmes, keeping costs virtually flat for almost a decade. However, we find it difficult to close the gap between SEB’s ambition for a 15% return on equity and its current outlook.