Company Performance: Strong earnings reports, positive growth forecasts, and efficient management typically drive the stock price upwards.

Market Sentiment: Overall investor confidence and risk appetite in the stock market influence buying and selling decisions, affecting the stock's price.

Industry Trends: Developments and shifts within the banking sector, such as interest rate changes or regulatory updates, can impact SHB-B.ST.

Economic Conditions: Macroeconomic factors like GDP growth, inflation, and unemployment rates can significantly impact the bank's profitability and valuation.

Interest Rate Policies: Changes in interest rates by central banks affect SHB-B.ST's lending activities and net interest margin, thus impacting its stock price.

Regulatory Environment: New banking regulations or changes in existing ones can affect the bank's operations, compliance costs, and overall profitability.

Competition: The competitive landscape within the banking sector, including the emergence of new players or innovative services, can influence market share and profitability.

Dividend Policy: SHB-B.ST's dividend payout ratio and yield can attract income-seeking investors, impacting the stock price.

Global Events: International events, such as political instability or economic crises in other countries, can have spillover effects on the Swedish stock market and SHB-B.ST.

Investor Expectations: Market anticipation of future performance, growth opportunities, or potential risks can drive buying or selling pressure.