Sweden’s major banks currently offer a dividend yield of around 7 percent, and against the backdrop of lower interest rates, more loans are being taken again, which is why long-time investor Katre Saard predicts growth for bank stocks.
“First of all, the banking sector always benefits when interest rates fall, and this means that banks will be able to give loans again and start earning better,” explained Saard, explaining why he believes that financial and insurance companies will do better next year.
In an interview at Swedbank’s private banking forum held on Thursday, Katre Saard, the founder and chairman of the board of the Swedish financial technology company Alpcot, said what potential she sees in the Baltic stock market, what can be expected from major European stock exchanges, and what worries her about the European economy.
In addition, Saard explained what concerns he sees in the US stock market and in which sectors he sees investment opportunities there. The car industry and Chinese stock exchanges were also discussed, and Saard also pointed out where he would dare to put money now and where interesting investments can be found.
Jana Saarkoppel asked.
An investor operating in Sweden sees good potential in Scandinavian banks
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Source: www.aripaev.ee
