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Consensus estimates

Consensus is based on earnings estimates made by equity analysts covering Swedbank.

Estimates are updated before and after the publication of Swedbank's interim reports.

Consensus 2020-11-17

Estimates (SEKm) 2020 Q4 2020 2021 2022
  Average

Median

Average

Median

Average

Median

Average

Median

Net interest income / Räntenetto 6 699 6 709 26 989 26 995 27 202 27 217 27 735 27 813
Net commission income / Provisionsnetto 3 364 3 348 12 744 12 742 13 373 13 334 13 778 13 724
Net gains/losses on financial items / Nettoresultat finansiella poster 608 596 2 342 2 341 2 279 2 236 2 324 2 281
Other income / Övriga intäkter 871 875 3 447 3 362 3 526 3 418 3 619 3 507
Total income / Summa intäkter 11 542 11 559 45 428 45 400 46 285 46 233 47 357 47 330
Total Expenses / Summa kostnader  -5 704 -5 762 -24 678
-24 736 -20 580 -20 533 -20 457 -20 359
of which / varav:  

Staff costs / Personalkostnader

-3 014 -2 981 -11 622 -11 644 -11 871 -11 879 -11 966 -12 025

Administrative fine / Sanktionsavgift

- - -4 000 -4 000 - - - -
Profit before loan losses / Resultat före kreditförluster 5 838 5 815 20 750 20 754 25 705 25 628 26 900 26 717
Loan losses / Kreditförluster -726 -596 -4 537 -4 407 -2 808 -2 711 -2 196 -2 242
Operating profit / Rörelseresultat 5 108 5 105 16 209 16 227 22 893 23 008 24 700 24 539
Tax expense / Skatt -1 025 -1 054 -3 760 -3 761 -4 787 -4 772 -5 084 -5 050
Net attributable profit (loss) / Periodens resultat 4 079 4 133 12 449 12 486 18 098 18 085 19 609 19 575
EPS (SEK) / Resultat per aktie (kr) 3.64 3.69 11.10 11.15 16.13 16.19 17.49 17.41
DPS Common (SEK) / Utdelning per A-aktie (kr) - - 5.01 5.59 8.29 8.19 9.02 8.77
Return on Equity (%) / Räntabilitet på eget kapital (%) 11.0 10.9 9.0 8.7 11.7 11.8 11.9 12.0
Common Equity Tier 1 ratio (%) / Kärnprimärkapitalrelation (%) 17.2 17.1 17.5 17.2 18.1 18.0 18.7 18.7

Based on estimates provided by the following analysts:
ABG Sundal Collier, Arctic, Autonomous, Barclays, Berenberg, Carnegie, Citi, Credit Suisse, Danske Bank, Deutsche Bank, DNB, Exane BNP, Goldman Sachs, Handelsbanken, JP Morgan, KBW, Kepler Cheuvreux, Mediobanca, Morgan Stanley, Nordea, Redburn, SEB, Société General, UBS


Notes:

  • The administrative fine of SEK 4bn is not tax-deductible
  • Assumptions for additional administrative fines have been excluded due to lack of comparability