This summary was created by AI, based on 1 opinions in the last 12 months.
Svenska Handelsbanken, known by its symbol SVNLY-OTC, is highly regarded among Nordic banks, ranking as the No. 1 Best of the Nordic banks. This positioning suggests a strong reputation for stability and customer service, which may appeal to investors seeking diversification beyond North American markets. Additionally, for Canadian investors, Svenska Handelsbanken offers a unique opportunity to invest in a bank that is relatively insulated from the potential impacts of tariff wars between Canada and the US. This strategic advantage contributes to its attractiveness, especially in the current geopolitical climate. Overall, the bank's robust standing and thoughtful investor appeal highlight its potential for sustained growth and security in the financial sector.
It pays a 5.5% dividend, so you don't need much share growth. They have the best credit rating in Europe, mostly exposed to northern Europe, not Italy, Spain and Greece. Conservative balance sheet. The central bank in Sweden raised rates, which raised the stock price, but like Canada, Sweden's economy relies heavily on real estate. So, there could be write-downs in the future. He'll stick with this.
He owns 3 banks. Toronto Dominion (TD-T) for North America, Svenska for Europe, and HDFC (HDB-N) for India. This avoids correlation risk. Svenska, is a Swedish bank and a little different in that head office doesn't make the decisions, the branch manager does. They have a steeple effect, where if you climb the steeple, everything you can see in 360° is your market. Very conservatively run. The dividend has been rising at roughly 10%-15%. Trading roughly 13.5X earnings. Dividend yield of 4.32%. (Analysts' price target is 117.73 SEK.)
In his opinion, this is the best run bank in all of Europe. Nordics have the highest capital adequacy ratio of any banks globally. They went through a financial crisis in the 90s, and the regulator made them bring up their capital adequacy ratios to very high levels, so all we have to do is worry about them growing their business. This bank has a very strong network in Sweden, but has a good growth platform in the UK and Holland.
Svenska Handelsbanken is a American stock, trading under the symbol SVNLY-OTC on the US OTC (SVNLY). It is usually referred to as OTC:SVNLY or SVNLY-OTC
In the last year, 1 stock analyst published opinions about SVNLY-OTC. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Svenska Handelsbanken.
Svenska Handelsbanken was recommended as a Top Pick by on . Read the latest stock experts ratings for Svenska Handelsbanken.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Svenska Handelsbanken In the last year. It is a trending stock that is worth watching.
On 2025-03-12, Svenska Handelsbanken (SVNLY-OTC) stock closed at a price of $6.48.
Best of the Nordic banks. Interesting way for Canadians to get exposure beyond NA. Also, it's not going to be correlated to a potential tariff war between Canada and the US.