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Swedish bank Svenska Handelsbanken hasn't had the best year so far, trailing broader European financials. Third quarter results were solid. The bank saw a nice improvement in its cost-to-income ratio, which has been a source of market concern recently. Asset quality also remains strong. The stock still trades for less than 8x earnings. Given the high payout ratio, investors are looking at attractive returns simply from the dividend.» Mehr auf seekingalpha.com

Svenska Handelsbanken is undervalued with a P/B below 1x, despite a strong ROE of 15% and conservative loan underwriting practices. A weak Swedish housing market is only having an impact perhaps on loan growth, but not on the bank's safety. They are restructuring and managing costs well, helping operating profit growth and ROE improvements.» Mehr auf seekingalpha.com

Svenska Handelsbanken AB (OTCPK:SVNLF) Q3 2024 Earnings Call Transcript October 23, 2024 2:30 AM ET Company Participants Peter Grabe - Head, Investor Relations Michael Green - President and Chief Executive Officer Carl Cederschiöld - Chief Financial Officer Conference Call Participants Magnus Andersson - ABG SC Andreas Hakansson - SEB Gulnara Saitkulova - Morgan Stanley Sofie Peterzens - JPMorgan Nicolas McBeath - DNB Johan Ekblom - UBS Namita Samtani - Barclays Bank Shrey Srivastava - Citi Riccardo Rovere - Mediobanca Patrick Nielsen - Goldman Sachs Jacob Kruse - Autonomous Piers Brown - HSBC Unidentified Company Representative Good morning everyone and welcome to this presentation of Handelsbanken's Results for the First Nine Months and the Third Quarter of 2024. The third quarter showed an increase in ROE to 15.6% from 15.2% in the previous quarter.» Mehr auf seekingalpha.com