Swedbank A stock gains after BNP Paribas sets 500 SEK target

Swedbank A stock (ISIN SE0000242455) traded at 402.40 SEK on Nasdaq Stockholm on September 18, 2026, after BNP Paribas reinstated coverage with an Outperform rating and a 500 SEK target price.

BNP Paribas turns more bullish

According to ad hoc news on September 21, 2026, BNP Paribas resumed coverage of Swedbank and set a 500 SEK target, which implies about 24.2 percent upside from the 402.40 SEK close on September 18, 2026. The same report said the shares touched 409.00 SEK as a new 52-week high later in September.

For investors, the valuation gap is still visible. The 500 SEK target stands 97.60 SEK above the recent close, while the latest high leaves the stock only 6.60 SEK below that BNP Paribas-backed level.

Stockholm banks stay firm

Placera reported on September 21, 2026, that BNP Paribas also kept Swedbank in an Outperform group alongside Nordea and SEB, while Handelsbanken was rated Underperform. The same market day saw OMXS30 rise 1.31 percent to 3,307.02 and Swedbank peer SEB A advance 3.0 percent, according to Placera.

That sector backdrop matters because Swedbank is trading with a year-to-date gain of about 25.3 percent as of September 18, 2026, according to the MarketScreener data quoted in the ad hoc news report. The stock was also up about 3.9 percent over five trading days on that same reference date.

Swedbank at a glance

Swedbank AB's latest reported figures are the most recent interim and full-year results highlighted in its investor material, while the market is now pricing the shares near a fresh 52-week high. As of September 18, 2026, the stock was at 402.40 SEK on Nasdaq Stockholm, with the 500 SEK BNP Paribas target still acting as the clearest reference point for the next move.

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