Sweden's SEB Q2 operating profit rises on higher interest income, stable policy rates

Skandinaviska Enskilda Banken AB (publ)

15/07/2026 05:40

Overview
Sweden-based financial services group's Q2 operating profit rose 4% yr/yr to SEK 10.8 bln
Net profit for Q2 increased 5% yr/yr to SEK 8.7 bln
Revenue growth supported by lending, policy rates, and investment banking activity

Outlook
SEB did not provide specific financial guidance for upcoming quarters or the full year

Result Drivers
NET INTEREST INCOME - Co said higher lending volumes and stable to increasing policy rates drove net interest income growth
INVESTMENT BANKING ACTIVITY - Increased activity in Corporate & Investment Banking, notably within Investment Banking, supported revenues
CARD BUSINESS - Card business contributed to net fee and co mmission income growth

Company press release: ID:nWkr9PGFRr

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
SEK 8.66 bln
 
Q2 Basic EPS
 
SEK 4.44
 
Q2 Net Credit Losses
 
SEK 345 mln
 
Q2 ROE
 
15.70%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 11 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Skandinaviska Enskilda Banken AB is SEK199.00, about 2.4% below its July 14 closing price of SEK203.80
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)