Handelsbanken: A Good Income Stock But A 'Hold' For Valuation [Seeking Alpha]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
danskebank.com/investor-relations
Company Research
Source: Seeking Alpha
Follow Summary Handelsbanken is a fundamentally strong and conservative bank with low credit loss ratios, offering a safe yield of over 5%, but currently not a "BUY". The bank has shown solid performance with a 15%+ RoE, CET-1 ratio of almost 19%, and negative net credit loss ratios. Despite its strengths, at a price nearing 110 SEK, Handelsbanken lacks sufficient safety and conservative appeal, leading me to rate it a "HOLD". My investment strategy focuses on buying undervalued stocks, harvesting gains, and reinvesting; Handelsbanken currently doesn't meet the criteria for a major investment. Alexander Farnsworth/iStock Editorial via Getty Images Dear readers/followers, Remember my first coverage on Handelsbanken ( OTCPK:SVNLF OTCPK:SVNLY ) was now almost 5 years ago. There are risks to this bank - no company is entirely without risk - but the upside that this bank has is extremely solid overall - and in this article, I'm going to update for 2Q24. Since my last artic
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