Presentation of Q3 2012 results from the Analyst Conference by CEO Michael Wolf, CFO Göran Bronner and CRO Håkan Berg
Swedbank CFO Michael Wolf: "We are hiring and Investing" .
Michael Wolf tells CNBC that the company has been very prudent with their balance sheet for three years, which is now allowing them to hire.
CEO Michael Wolf and CFO Göran Bronner are commenting on the Interim Report Q3 2012 and are giving their view on the future.
A few years ago - just after the financial crisis and the global recession - US economists were relatively optimistic about the future. Throughout their careers, they had been accustomed to V-shaped recessions, i.e. relatively quick downturns followed by quick upturns. This time it was different!
Rising commodity prices despite weak global conditions
The stockmarket has fallen slightly in recent weeks. The Q3 reporting season has just started and seems to be in line with subdued expectations.
Sun is shining on manufacturers, but households remain in the shade
There are several reasons for remaining positive towards the equity markets going forward. Low bond yields and undervalued equity markets in Europe, for example, are two examples.
Swedbank’s interim report January – September 2012 will be published at 07.00 CET on Tuesday, 23 October, 2012. You are invited to participate in the following presentations:
Latvia is likely to have fulfilled Maastricht price stability criterion in September 2012
Consumer prices increased by 0.7% in September
Demography and its economic consequences in the Baltics: The case of Latvia
Anders Eklöf, Currency Strategist at Swedbank, is commenting on last Friday's US employment numbers.
On Wednesday, 3 October, at an awards ceremony of the City Enterprise Board of Tallinn recognising socially active companies and organisations, Swedbank was presented with the title of 'Most Responsible Company of the Year'.
Stockmarkets have reacted positively to the ending of the uncertainty that had previously weighed on financial markets thanks to significant measures taken by European and US central banks. This is the topic covered by Swedbank Investment Center’s latest monthly comments.
Services PMI drops to 47.3 in September: activity in the service sector is on the decline
Martin Bolander, Senior Market Strategist at Swedbank's Investment Center, Jörgen Olofsson, Portfolio Manager at Swedbank Robur and Knut Hallberg, Senior Economist at Large Corporate & Intitutions at Swedbank discuss the current market situations.
Close-by crisis raises reform pressures in the Baltic Sea Region