Swedbank AB Class A

SWED A: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Swedbank Earnings: Fee and Commission Income Strength Offsets Mortgage Market Pressures

Niklas Kammer

Jul 21, 2026

Swedbank reported an underlying return on equity of 15.5% for the second quarter of 2026. Profit before tax of SEK 10.3 billion was 2% lower sequentially, primarily due to extraordinary costs related to Swedbank's restructuring program.

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Swedbank AB Class A

Swedbank Earnings: Fee and Commission Income Strength Offsets Mortgage Market Pressures

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