SVNLF - Svenska Handelsbanken And How To Use Book Value

Svenska (SVNLF) (SVNLY), based in Sweden, is one of the best-run banks in the world. We wanted to own it for a long time and finally got the opportunity. When we look at a financial company, we zoom in on its performance during a past financial crisis. The Great Recession was the ultimate stress test so far for financial firms being subjected to incredible pain. Svenska sailed through the crisis as if 2008 was just another year – its loan losses “spiked” from 0.1% to 0.2%. (By comparison, JP Morgan’s losses were 3.5% in

Read more ...